Brooke Franchise
Friday, April 30, 2010 at 12:18PM Insurance and investment services
Robert D. Orr founded Brooke Insurance & Financial Services in 1986 to pool the buying power of insurance agencies. In addition to providing insurance services, the company also offers loans where insurance can be used as collateral.
Start-up Costs & Franchises Fees
What is the total cost to open a Brooke Franchises?
Total Cost: $125,900-$146,100
Total Franchise Fees: $125,000 USD
Ongoing Royalty Fees: 15%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Brooke
|
Brooke Franchise Corp. |
Toll Free: (800)642-1872 |
Brooke In the Press
No results at this time.Historical Expansion
In what year did Brooke begin operations? 1986
When did Brooke begin selling franchises? 1988
Year United States Canada International Corporate 2005 401 0 0 3 2004 362 0 0 32 2003 206 0 0 1 2002 150 0 0 0 2001 115 0 0 0
Future Expansion
United States: Arizona, California, Colorado, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Louisiana, Michigan, Missouri, Nebraska, North Carolina, New Mexico, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Virginia, Washington,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital Yes No Plant, Property, and Equipment Yes No Inventory Yes No Accounts Receivable Yes No Payroll Yes No
Training & Support
Support
Meetings, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
40% of all franchise business owners own more than one franchise location.
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes