November 12, 2010 // Franchising.com // HUNTINGTON BEACH, Calif. – The National Minority Franchising Initiative (NMFI) has selected Fiesta Auto Insurance as one of its "Top 50 Franchises for Minorities" based on several factors that include company historical performance, brand identification, franchisee satisfaction and percentage of existing franchises that are minority-owned.
The NMFI selected 50 franchisors from more than 400 participating companies, with each franchisor required to submit its most recent Franchise Disclosure Document (FDD) and marketing package for prospective franchise owners. The list of top franchises was placed in the Franchising Today section of USA Today.
"This is the second time Fiesta Auto Insurance has been recognized as a top franchise system for minorities in less than five months, which is a wonderful testament to our brand," said John Rost, founder and president of Fiesta Auto Insurance. "We are honored to join other well-known businesses, and look forward to continuing our success throughout the years to come."
Earlier this year, Fiesta Auto Insurance was chosen by World Franchising Network (WFN) as one of its "Top 26 Franchises for Hispanics" for 2010. PODER Magazine, the successor to Hispanic Enterprise, published the results in its July 2010 issue.
The nation's only insurance and tax preparation franchise is driving growth nationwide as it combines two highly attractive business models under one roof. Impressively, the company opened 20 new locations across the country during the first quarter of 2010 and has increased its presence to more than 75 locations operating throughout the United States. Fiesta Auto Insurance is continuing to push its operations to new levels with an aggressive growth plan that calls for more than 1,500 locations to open nationwide during the next five years.
John Rost, founder and CEO of Fiesta Auto Insurance, launched the company in 1999 to meet the growing demand for auto insurance within underserved Hispanic and blue-collar communities in Southern California. With an initial franchise fee of $10,000 and total suggested capital between $30,000 and $50,000, the Fiesta Auto Insurance 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. The franchise opportunity provides business owners with lower operating costs and more access to favorable, nationwide carriers as well as name brand recognition and a proven business model.
Fiesta Auto Insurance is the nation's only franchise system to combine insurance and tax preparation under one roof, providing a one-stop shop for the budget-minded consumer. 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. On the tax side they offer federal and state personal income tax filings, business tax returns, electronic filing and bank products. Fiesta also provides motor vehicle registration services, travel services, wireless services and instant wire money transfers as well as accounting and bookkeeping services. For more information on Fiesta Auto Insurance, please visit: www.fiestainsurance.com, www.fiestatax.com or for franchising information: www.fiestafranchise.com.