In franchising, conversion means taking an independently owned business that is in the same line of business and turning it into a franchise location. This allows the business to take advantage of all the benefits a franchise system has to offer.
Many independent owners feel they will lose control of their business if they convert to a franchise. At Fiesta, we know that the business you and your family have build is a precious part of your legacy and that doesn’t go away with you partner with us. You’ll be in business for yourself, but not by yourself. Here are some additional benefits of making the change:
Benefits of Converting
Multiple revenue streams. At Fiesta, we not only offer insurance, but also tax services. By doing so, we are able to add a revenue stream to your business that can add to an already impressive bottom line.
Marketing support. Fiesta’s expert staff will help guide you through how to use both digital and traditional marketing to continually general new leads.
Higher commissions. As one of the largest broker groups in the country, we are able to secure top carrier commissions for our owners. Often many points higher than what is offered to independent agencies.
Accounting. Fiesta has a corporate trust accounting system that allows you to focus on sales and support.
Great exit strategy. When it’s time for our owners to retire or move on, Fiesta is committed to helping our franchise owners sell their business.
Yes, converting your independent business to a franchise can be a nerve-racking decision and there are additional questions you will need answered before you are ready to make this transition. Our franchise development staff are here to help get you the answers to those questions and guide you through our mutual evaluation process.
To ease this transition, here are a few more perks to becoming part of the Fiesta family: