Fiesta Auto Insurance Franchise Achieves Record First Quarter Growth and System-Wide Revenue Results
Leading Insurance and Tax Preparation Franchise Opens One Location Every Five Days
April 14, 2010 // Franchising.com // Huntington Beach, Calif. – Fiesta Auto Insurance, the nation's only franchise system to combine insurance and tax preparation under one roof, today announced it has opened 20 new locations during the past 90 days. The company's unprecedented growth phase has increased its presence to more than 60 open locations throughout the United States. As another record mark for Fiesta Auto Insurance, the franchise system more than doubled its sales over 2009.
The announcement comes as Fiesta Auto Insurance plans to have more than 150 locations open by the end of 2010, and1,500 during the next five years. John Rost, founder and president of Fiesta Auto Insurance, is dedicated to executing the company's growth strategy in select markets nationwide.
"We are thrilled with the success that Fiesta Auto Insurance has experienced during the past three months," said Rost. "As a hybrid concept that pairs two extremely successful industries in one business model, we have really opened the doors for investors to reach out to the under served Hispanic demographic and blue-collar communities. We look forward to continuing to find the right franchise partners to represent in local communities across the country."
The franchise opportunity is available to investors who want to start a new business, or existing independent operators who are interested in converting to Fiesta Auto Insurance. With an initial franchise fee of $10,000 and total suggested capital ranging between $30,000 and $50,000, the Fiesta Auto Insurance franchise opportunity provides investors with a low-cost, low-overhead, franchise investment. The company provides the necessary support tools for its franchisees, including marketing, ongoing training and financial reporting.
As part of a company renowned for its strong reputation throughout the insurance industry, Fiesta Auto Insurance franchisees benefit from favorable carrier relationships and higher commissions. The brand's colorful logo, featuring its animated bird mascot, Max, has helped establish widespread consumer awareness.
Beyond auto insurance, Fiesta offers insurance services for watercrafts, motorcycles, homeowners, rentals, condos, apartments, tenant occupied property, commercial auto, commercial property, commercial general liability, Mexico insurance and special event coverage.
About Fiesta Auto Insurance
Fiesta Auto Insurance is the nation's only insurance and tax preparation services franchise with more than 60 locations open throughout the nation. Specializing in insurance policies and tax preparation, Fiesta Auto Insurance is a one-stop-shop for customers interested in personal and commercial automotive, homeowners, rental, condo, apartment, commercial property, Mexico insurance, and special event insurance coverage. In addition, customers can also receive tax preparation services, motor vehicle registration services, travel services and instant wire money transfers.