Insurance Lounge
Insurance- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$248K - $607K
- Units as of 2021
-
4 0.0% over 3 years
Company Overview
About Insurance Lounge
Industry | Financial Services |
---|---|
Related Categories | Insurance |
Founded | 2012 |
Parent Company | Insurance Lounge LLC |
Leadership | Ty Lockard, Franchise Director |
Corporate Address | 1221 Northeast 7th St. Grants Pass, OR 97526 |
Social | Facebook,LinkedIn,Instagram,YouTube |
Business Overview
Franchising Since | 2021(2 years) |
---|---|
# of employees at HQ | 24 |
Where seeking | This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
# of Units | 4(as of 2021) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Insurance Lounge franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$10,000 - $50,000 |
---|---|
Initial Investment |
$248,000 - $607,000 |
Cash Requirement |
- $100,000 |
Royalty Fee |
10%/20% |
Ad Royalty Fee |
2% |
Term of Agreement |
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Insurance Lounge has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 16 hours |
---|---|
Classroom Training | 36 hours |
Ongoing Support |
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
是独家territories available? |
No |
Interested in ownership opportunities like Insurance Lounge? Request a free consultation with a Franchise Advisor now.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Insurance Lounge.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
When's the Best Time to Use AI in Your Franchise? The Choice Is Clear.
It's no longer a question of if or when to implement artificial intelligence in training, recruiting and marketing programs, but rather what it has already cost you if you haven't.
Exploring Expansion Strategies for Franchise Success, From Goals to Growth
When you make a decision to franchise, what you're really doing is deciding how you want to grow.
When I Told People How Big This Franchise Could Grow, They Laughed. Now the Joke's on Them.
Why building a successful enterprise in this sector starts with embracing a growth-focused mindset.
How to Run a $259 Million Business While Raising Kids: 'You Go Through a Period, Like, 'Is Everything Gonna Be Okay?''
Jen Lemcke is the CEO of WeedMan, and she wants you to take a deep breath and give yourself some grace.
He Got Bored With Retirement. Now He's Selling $18 Million Annually.
Don Lanier was ready for a change, and that pushed him to succeed. Here's how he did it.
He's Opened 15 Ben & Jerry's. But First, He Learned a Hard Lesson: 'I've Never Worked So Hard to Lose $100K In My Life'
Antonio McBroom is a partner in Ben & Jerry's only Black-owned multi-franchise group, but the path to success was plenty twisty.