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General

Industry

-

Category

Professional Business Services

SBA Identifier

S0584

Year of Founding

1980

Fees

Marketing Fee

7%

Royalty Fee

-

Franchise Fee

$25,000-$25,000

Investment Range

$50K-$84K

Location units

Total U.S. Locations

162

U.S. Franchised Units

160

U.S. Corporate Units

2

Headquarters (City)

FL

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2008

Issuance of FDD Data

04/02/2021

What to know about Estrella Insurance franchise?

As a franchisee, you will operate an insurance agency and financial services business ("Franchised Business") under one of the following brands that you select: ESTRELLA INSURANCE or 800- CARINSURANCE trademark and system.

Estrella Insurance is based in Miami, FL. Scroll down to learn more!

How Much Does a Estrella Insurance Franchise Cost?

Are you wondering how much is a Estrella Insurance franchise? Before starting a Estrella Insurance franchise, it is important to know the Estrella Insurance franchise fee ($25,000) working capital and other costs required to start the business.

The minimum investment amount required to open a Estrella Insurance franchise is $49,950 and can go all the way up to $84,000. Keep in mind, you should also allocate additional funds to live off of while the Estrella Insurance business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Estrella Insurance franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Estrella Insurance business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Estrella Insurance franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Estrella Insurance. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 111 23 3 134
2017 134 9 28 115
2018 115 15 3 127
2019 127 28 8 147
2020 147 14 1 160

Additional Details

How much does a Estrella Insurance franchise owner make?

Estrella Insurance franchise earnings and revenue can vary significantly from one franchisee to another. The Estrella Insurance franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Estrella Insurance discloses financials at the unit level. In other words, they show how much Estrella Insurance franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Estrella Insurance franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Estrella Insurance. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Estrella Insurance owners were making.

Visit the Estrella Insurance metrics tab, to explore the financials for this business.

What is the Estrella Insurance Franchise Fee?

Owning a Estrella Insurance franchise requires a variable royalty fee and a 7% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial Estrella Insurance franchise fee of $25,000 that is included in the initial investment amount of $49,950 to $84,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Estrella Insurance franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Estrella Insurance franchise fee of $25,000.

Visit the Estrella Insurance metrics tab to explore how the franchise, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Estrella Insurance founded?

Estrella Insurance was founded 42 years ago in 1980. Estrella Insurance started offering franchises in 2008. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Estrella Insurance locations are in the U.S.?

As of Issuance of 2021, there were 160 Estrella Insurance locations owned and operated by franchisees across the U.S. There are also 2 corporate locations owned and operated by Estrella Insurance. Most Professional Business Services franchises like Estrella Insurance have more franchised locations than corporate locations.

How many Estrella Insurance franchises opened over the past few years?

Over the prior 3 years we have data for, Estrella Insurance has opened 57 outlets throughout the U.S.

Visit the Estrella Insurance metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Estrella Insurance franchises closed over the past few years?

Over the prior 3 years we have data for, Estrella Insurance has closed 12 outlets throughout the U.S.

Visit the Estrella Insurance metrics tab to explore how the closures compare to other Professional Business Servicesfranchises.

Is Estrella Insurance growing? Are they opening more locations than they are closing?

The net unit growth rate for Estrella Insurance over the past 3 years is 39%. Over the last year we have data for, Estrella Insurance had a net unit growth rate of 9%.

Without a comparison, this number doesn’t mean much. Compare how the Estrella Insurance growth rate compares to 2,000+ other franchises and Professional Business Services franchises like Estrella Insurance. More info in the Estrella Insurance metrics tab.

Is Estrella Insurance franchise eligible for an SBA Loan?

Estrella Insurance is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Estrella Insurance franchise was assigned the SBA Franchise ID of S0584 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Estrella Insurance that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is Estrella Insurance a franchise in the United States?

According to the SBA, Estrella Insurance meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Estrella Insurance provides you with an FDD if you are in discussion to buy a Estrella Insurance.

What is the Estrella Insurance Franchise for Sale Rate?

The Estrella Insurance systemwide health and franchisee satisfaction can be measured by the Estrella Insurance franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for Estrella Insurance over the past 3 years is 14%. Over the last year we have data for, Estrella Insurance had a franchise for sale rate of 1%.

Without a comparison, this number doesn’t mean much. Compare how the Estrella Insurance franchise for sale rate compares to 2,000+ other franchises and Professional Business Services franchises like Estrella Insurance. More info in the Estrella Insurance metrics tab.

What is the Estrella Insurance Franchise Failure Rate?

Estrella Insurance franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Estrella Insurance failure rate over the past 3 years is 8%. Over the last year we have data for, Estrella Insurance had a franchise failure rate of 1%

Without a comparison, this number doesn’t mean much. Compare how the Estrella Insurance failure rate compares to 2,000+ other franchises and Professional Business Services franchises like Estrella Insurance. More info in the Estrella Insurance metrics tab.

How can I find out more details on Estrella Insurance franchise?

Visit the Estrella Insurance metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

-

Category

Professional Business Services

SBA Identifier

S0584

Year of Founding

1980

Fees

Marketing Fee

7%

Royalty Fee

-

Franchise Fee

$25,000-$25,000

Investment Range

$50K-$84K

Location units

Total U.S. Locations

162

U.S. Franchised Units

160

U.S. Corporate Units

2

Headquarters (City)

FL

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2008

Issuance of FDD Data

04/02/2021

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Estrella Insurance

-

-

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Estrella Insurance

-

-

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Estrella Insurance

-

-

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Estrella Insurance

$66,975

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Estrella Insurance

-

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Estrella Insurance

-

-

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

franchise@estrellainsurance.com

Mailing address

3750 West Flager Street

State headquarters

Florida

Key leadership

Estrella Insurance

Phone

+1 (000) 000-00-00

City

Miami

Zip code

331134

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