DCAP Insurance franchise
2023 filing · April 20, 2023
DCAP Insurance at a glance
An insurance brokerage office, opened from a retail location or converted from an existing insurance agency.
The business
- Franchisor
- DCAP Management Corp
- The company that sells the franchises
What you pay
- Cost to open
- $62K–$110K
- A start-up office
- Franchise fee
- $25,000
- $12,500 to convert an existing agency
- Royalty
- $825 a month
- A continuing service fee of $825 a month, rising 5% a year, plus $425 to $750 a month for advertising
- Brand fund
- Yes
- $425 to $750 a month
- Agreement length
- 10 years
From DCAP Management Corp’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
DCAP Insurance among all franchises with the same figure.
| Figure | DCAP Insurance | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $85,800 | Costs less than 91% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
How much a DCAP Insurance franchise costs
Opening a start-up office costs an estimated $61,700 to $109,900. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are additional funds – 3 months ($25,000 to $50,000) and initial franchise fee ($25,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $25,000 | ||
| Leasehold Improvements | $0 | $10,000 | |
| Furniture, Fixtures and Equipment | $3,000 | $6,000 | |
| Computer | $1,200 | $2,400 | |
| Signage | $2,000 | $4,000 | |
| First and Last Month’s Rent and Security | $2,000 | $4,000 | |
| Security Deposit (Utilities) | $250 | $500 | |
| Opening Supplies | $250 | $500 | |
| Grand Opening Advertising | $500 | $4,000 | |
| Training Expenses | $0 | ||
| Miscellaneous Opening Costs | $2,500 | $3,500 | |
| Service fees – 3 months | $0 | ||
| Additional Funds – 3 months | $25,000 | $50,000 | |
| Total | $61,700 | $109,900 | |
Source: DCAP Management Corp, 2023 filing, page 18
DCAP Insurance franchise fee
The franchise fee is $25,000, $12,500 to convert an existing agency. You pay it when you sign the franchise agreement.
Source: DCAP Management Corp, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | A continuing service fee of $825 a month, rising 5% a year, plus $425 to $750 a month for advertising. |
|---|---|
| Brand or marketing fund | $425 to $750 a month. |
| Transfer | 50% of the then-current initial franchise fee |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: DCAP Management Corp, 2023 filing, page 12
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures DCAP Insurance does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: DCAP Management Corp, 2023 filing, page 60
How DCAP Insurance compares
Of the 17 insurance franchises on this site, DCAP Insurance is the 11th cheapest to open.
| Figure | DCAP Insurance | Typical insurance brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $62K | $55K | $222K |
| Cost to open, high end | $110K | $112K | $477K |
| Franchise fee | $25K | $25K | $40K |
| Shares earnings figures | No | 9 of 17 | 2,147 of 3,352 |
Typical is the median across the 17 brands in insurance franchises; typical franchise, across every brand here.
Who owns DCAP Insurance?
DCAP Insurance franchises are sold by DCAP Management Corp.
From DCAP Management Corp’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 11. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: DCAP Management Corp, 2023 filing, litigation on page 11, bankruptcy on page 11
DCAP Insurance filings
The figures on this page come from DCAP Management Corp’s 2023 filing, issued April 20, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 20, 2023 | NASAA depository | Costs and fees |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other insurance franchises
All insurance franchises
DCAP Insurance is also on these lists: business services franchises.