Goosehead Insurance
Property and casualty insurance- 2023 Franchise 500 Rank
-
#77Ranked #54 last year
- Initial investment
-
$40K - $119K
- Units as of 2022
-
1,344 151.2% over 3 years
Life being what it is, uncertainties happen from time to time. Nearly every day, people take many risks. As a result, safety is not promised. To increase our security and the safety of those dear to us, we are advised to purchase various insurance coverages. Goosehead Insurance is here for the people.
With over 730 franchises throughout the United States, Goosehead Insurance is an independent insurance agency offering contracts and policies for coverage against losses. Opening a franchise with Goosehead Insurance might expose you to a valued organization whose services are transparent, honest, and loved by many. This may make opening a Goosehead Insurance beneficial.
Why You May Want to Start a Goosehead Insurance Franchise
The potential client pool may be large for insurance policies, and offering various types of policies may only grow your business. Goosehead Insurance strives to find ways to make payments more affordable for the insured. They also may help customers sort through multiple options because of their independence in the insurance industry. This automatic diversification of policies means better chances of customer conversion.
With such superior customer service and quality policies, Goosehead Insurance has been ranked in Entrepreneur’s Franchise 500 several times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make Goosehead Insurance a Good Choice?
Goosehead Insurance works to increase agent productivity while ensuring a quality client experience. To achieve this, they generally offer a front-end review of the policies to ensure that each policy meets the carrier guidelines provided. They also might have expert quality auditors to process applications and policies, thus potentially saving time. Every policy's real-time review reduces the errors and omissions exposure significantly, which hopefully will increase overall accuracy.
Goosehead Insurance typically utilizes several software systems that help the franchisee handle the business efficiently and smoothly, aiding fast and quick services for their clients. It's at a Goosehead Insurance franchise where a qualified and fully licensed team of experts usually handles your business. With this, your focus and energy can be applied entirely to generating your franchise’s services.
How to Start a Goosehead Insurance Franchise
To be part of the Goosehead Insurance team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should be prepared for a significant royalty fee.
Getting started as a potential franchisee is as easy as filling out a franchise interest form. After that, someone from the company may reach out to you to get to know you better and see if you will be a good fit for the brand. Next, detailed information regarding the franchise may be sent to you in the form of a Franchise Disclosure Document. Here, you are expected to review the documents. Then, you can decide whether to proceed with the application or not. During this process, you may also find it beneficial to reach out to an attorney or financial advisor in order to ensure that you are financially sound enough to operate a franchise.
Company Overview
About Goosehead Insurance
Industry | Financial Services |
---|---|
Related Categories | Insurance,Miscellaneous Financial Services,Miscellaneous Services |
Founded | 2003 |
Leadership | Mark Jones, Chairman & CEO |
Corporate Address | 1500 Solana Blvd., #4500 Westlake, TX 76262 |
Social | Facebook,Twitter,LinkedIn,Instagram |
Business Overview
Franchising Since | 2011(12 years) |
---|---|
# of employees at HQ | 841 |
Where seeking | This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming |
# of Units | 1,344(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Goosehead Insurance franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$25,000 - $60,000 |
---|---|
Initial Investment |
$40,000 - $118,500 |
Royalty Fee |
20-50% |
Ad Royalty Fee |
2% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Goosehead Insurance offers in-house financing to cover the following: franchise fee |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 86 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
#运行所需的员工 | 1 |
Are exclusive territories available? |
No |
Interested in ownership opportunities like Goosehead Insurance? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Goosehead Insurance landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Goosehead Insurance ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Goosehead Insurance.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
When's the Best Time to Use AI in Your Franchise? The Choice Is Clear.
It's no longer a question of if or when to implement artificial intelligence in training, recruiting and marketing programs, but rather what it has already cost you if you haven't.
Exploring Expansion Strategies for Franchise Success, From Goals to Growth
When you make a decision to franchise, what you're really doing is deciding how you want to grow.
当我告诉人们这个特许经营可以Gr多大ow, They Laughed. Now the Joke's on Them.
Why building a successful enterprise in this sector starts with embracing a growth-focused mindset.
How to Run a $259 Million Business While Raising Kids: 'You Go Through a Period, Like, 'Is Everything Gonna Be Okay?''
Jen Lemcke is the CEO of WeedMan, and she wants you to take a deep breath and give yourself some grace.
He Got Bored With Retirement. Now He's Selling $18 Million Annually.
Don Lanier was ready for a change, and that pushed him to succeed. Here's how he did it.
He's Opened 15 Ben & Jerry's. But First, He Learned a Hard Lesson: 'I've Never Worked So Hard to Lose $100K In My Life'
Antonio McBroom is a partner in Ben & Jerry's only Black-owned multi-franchise group, but the path to success was plenty twisty.