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Pronto Insurance
 

Pronto Insurance franchise is a full-service retail office dedicated to providing low cost insurance products and income tax services. Pronto provides itself in providing fast and efficient services. "Pronto. It's our name and our promise"... speaks for itself. The company has enjoyed stunning growth, more than quadrupling its size in the last three years. We have 100+ locations and our own in-house claims and underwriting departments. Through aggressive marketing, brand awareness and highly competitive pricing, we have quickly become an industry leader in Texas.

Franchisor Background

Year Established:

  1998

Franchising Since:

  2009

Operating Units:

Franchised Units:22 21.6%  
Company-Owned Units:80 78.4%  
 ______ _____  
Total Operating Units:102 100%  
 

Geographic Distribution:

U.S.:102 100% In 1 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:102 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Texas102

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$200K
Cash Investment:$50-60K
Total Investment:$60-72K
Average Total Investment:$65K
 

Fees:

Initial Franchise Fee:$15K
Average Franchise Fee:$15K
On-Going Royalty:3%
Average Royalty:3%
Advertising Fee:$1,000/Mo.

Average Number of Employees:

   4 Full-time, 0 Part-time

Space Needs (in square footage):

   1,200

Preferred Sites:

   Strip Center

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:300
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Indirect
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:Yes
Marketing Materials:Ad Slicks, Brochures, Direct Mailers, Promotional Items, Radio Ads, Site Signs
Additional Services:Grand Opening, Marketing Research, Newsletter, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Brownsville, TX2 Weeks OR
2. San Antonio, TX2 Weeks OR
3. Houston, TX2 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:5
Specific Industry Experience:1
Formal Education:2
Psychological Profile:3
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:75%
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 5 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   40
U.S.:Yes, TX; CA, FL, AZ in 2011
Canada:No
Overseas:No
 
 
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