32620 Cherryhill Rd.
Garden City, MI 48135
800#:
Tel: (248) 552-1127
Fax: (248) 552-4030
E-Mail:
Web Site:
Contact: Mr. John A. Wolding, President
LOOK! INSURANCE AGENCIES were established to service the area of non-standard auto insurance that is given little attention by agents or insurance companies. While nearly half of all drivers would qualify as a potential client, only a small number of agents serve this market. LOOK! NO-FAULT AUTO INSURANCE AGENCIES, INC. has never had one of its franchisees fail in this business.
Franchisor Background
| Established: |
191988; |
First Franchise: |
191993 |
| Franchise Units: |
29 |
| Company-Owned Units: |
3 |
| Total Units: |
32 |
Distribution:
U.S. -- 32;
Canada -- 0;
International -- 0
> North America -- Operations in 1 State
> States/Provinces with Greatest Density: 32 in MI
|
| Projected New Units Over Next 12 months: 20 |
| Franchisee Qualifications: 3, 3, 2, 3, 4, 5
(for an explanation
click here) |
| Registered in Following Registration States: MI |
| Average Number of Employees: 1 FT, 1 PT (FT = Full Time, PT = Part Time) |
| Space Needs: 500 SF; FS, SF
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$5-15K |
|
| Total Investment: |
$5-50K; |
|
Average Total Investment: |
$32K |
|
| Minimum Net Worth: |
$25K |
|
| Fees: |
Franchise: |
$2K; |
Average Franchise Fee: |
$2K |
|
Royalty: |
15% |
|
Advertising: |
2% |
| Provide Earning Claim Statement: No
|
Terms of Contract
| Term of Contract (Years): |
10/5/5 |
| Passive Ownership: |
Discouraged |
| Encourage Conversions: |
No |
| Area Development Agreements: |
Yes |
| Sub-Franchising Contracts: |
No |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
Yes(I) (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
Yes |
| Lease Negotiation Assistance: |
Yes |
| Cooperative Advertising: |
Yes |
| Franchisee Assoc. / Member: |
No |
| Size Of Corporate Staff: |
3 |
| On-Going Support: |
C,D,E,H,I
(for an explanation click
here) |
| Training: |
30 Calendar Days in Canton, MI. |
Franchisor's Specific Expansion Plans
| U.S.: |
Michigan |
| Canada: |
No |
| Overseas: |
No |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.