Investment Velox Insurance Franchise

Group of people looking at a computer in Velox offices.

Please review the steps below to start a Velox Insurance Franchise.

Please complete the Velox Franchise Application, which will be sent directly to our Velox Franchise Sales team.
You will be contacted within 1-2 business days to set up a preliminary phone conference.
You will then receive our Franchise Disclosure Document for review.
We will schedule a follow up call to answer any questions.
We will invite you in for an office visit to meet our team in Atlanta, Georgia.
We will assist you with all necessary training, site location and ready run your own Velox Insurance office.

Item #7 – Estimated Initial Investment

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Type of expenditure	Amount	Method of payment	When due	To whom payment is to be made
Initial franchise fee (see Note 1)	$20,000 – $20,000	Check or wire transfer	Upon signing the franchise agreement	Us
Rent and Lease Security Deposit (see Note 2)	$1,000 – $4,000	Check	Upon signing lease	Landlord
Utilities	$250 – $800	Check, debit, and/or credit	Upon ordering service	Utility providers
Leasehold Improvements	$4,000 – $20,000	Check	As incurred or when billed	Contractors
Market Introductions Program	$500 – $5,000	Check, debit, and/or credit	As incurred or when billed	Vendors and suppliers
Furniture, Fixtures, and Equipment	$2,500 – $5,000	Check, debit, and/or credit	As incurred	Vendors and suppliers
Computer Systems	$2,400 – $5,000	Check, debit, and/or credit	As incurred	Vendors and suppliers
Software	$450 – $625	Check, debit, and/or credit	As incurred	Vendors and suppliers
Rental Equipment	$200 – $350	Check, debit, and/or credit	As incurred	Vendors and suppliers
Insurance	$2,000 – $6,500	Check	Upon ordering	Insurance company
Vehicle Wrap	$1,500 – $3,000	Check	Upon purchase	Vendor
Signage	$3,000 – $8,000	Check, debit, and/or credit	Upon ordering	Vendor
Office Expenses	$300 – $700	Check, debit, and/or credit	As incurred	Vendors
Licenses and Permits	$500 – $1,000	Check	Upon application	Government
Professional Fees (lawyer, accountant, etc.)	$0 – $1,500	Check, debit, and/or credit	As incurred or when billed	Professional service firms
Travel, lodging and meals for initial training	$0 – $7,500	Cash, debit or credit	As incurred	Airlines, hotels, and restaurants
Additional funds (for first 3 months) (see Note 3)	$30,000 – $30,000	Varies	Varies	Employees, suppliers, utilities
Total (see Note 5)	$68,600 – $118,975

Ready to Open Your Own Velox Franchise Office?

If you find the Velox Insurance brand compelling and are looking for a flexible, well-supported business in a rewarding niche of the dynamic insurance industry, contact us.

Apply for a Franchise Today