How much does it cost to open a Goosehead franchise?
Franchise Facts. How much does a Goosehead Insurance franchise cost? Goosehead Insurance has a franchise fee of up to $60,000, with a total initial investment range of $60,000 to $128,000. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How many Goosehead Insurance locations are there in the USA?
As of the 2020 Franchise Disclosure Document, there are 614 franchised Goosehead Insurance locations in the USA. Are there any Goosehead Insurance franchise opportunities near me? Based on 2020 FDD data, Goosehead Insurance has franchise locations in 27 states. The largest region is the South with 357 franchise locations.
How much does it cost to open a franchise in Louisiana?
Initial Franchise Fee: $25,000 to $60,000 For a single franchise, the Initial Franchise Fee will range between $25,000 and $60,000, depending on the geographic region in which the Franchised Business is located. If your franchise will be operated in Louisiana, Oklahoma, or Texas, then the Initial Franchise Fee is $60,000.
What happens if Goosehead Insurance does not designate an insurance provider(s)?
If Goosehead Insurance does not designate such provider (s), such policy or policies must be written by an insurance company or companies Goosehead Insurance has approved. If you purchase some or all of your required insurance through TWG, your payment for the first year of coverage will be due to Goosehead Insurance before you open.
How much does a franchise cost?
If your franchise will be operated in a state outside of Louisiana, Oklahoma, or Texas, then the Initial Franchise Fee is $40,000. This may be paid in one of two ways. First, you may elect to pay your Initial Franchise Fee in full prior to beginning the initial training program in which case you will receive a $15,000 discount. Second, you may elect to pay $10,000 prior to beginning the initial training program and the remaining $30,000 balance will be paid in monthly installments of $500 beginning on the first day of the sixth month after training, according to the terms of the Promissory Note.
What happens if you enter into a promissory note with Goosehead Insurance?
Also, if you enter into a Promissory Note and Goosehead Insurance brings an action to enforce payment, you must reimburse its reasonable attorneys’ fees and costs.
How much does it cost to franchise a business?
1. Initial Franchise Fee: $25,000 to $60,000. For a single franchise, the Initial Franchise Fee will range between $25,000 and $60,000, depending on the geographic region the franchised business will be located in. If your franchise will be operated in Louisiana, Oklahoma, or Texas, then the Initial Franchise Fee is $60,000.
What is the royalty fee for a policy?
3. Royalty Fee: 20% of Gross Revenues on policies in their initial term and 50% of Gross Revenues on policies in their renewal terms, subject to the Minimum Royalty
Does Goosehead require additional insurance?
Goosehead Insurance may require you to obtain additional insurance in the future. If you purchase some or all of your required insurance through TWG, your payment for the first year of coverage will be due to Goosehead Insurance before you open.
Does Goosehead Insurance have to reimburse?
You must reimburse Goosehead Insurance for its reasonable costs and expenses (including legal and accounting fees) to evaluate your proposed offering and you also must indemnify Goosehead Insurance.
What is Goosehead website?
The new Goosehead website has been completely retooled from the ground up to provide an unparalleled experience to clients and a powerful selling engine for our agents. Our groundbreaking online digital agent delivers motivated clients directly to you, informed and ready to buy. And our streamlined referral program makes it easy for partners to send business your way as well.
How are Goosehead agents motivated?
Our agents are motivated by challenge and collaboration with teammates. They get to embrace both at Goosehead. The other thing they get— financial reward. We’ve found the formula for success, and it starts with agents who share the passion for winning.
Is Goosehead an insurance company?
Goosehead is one of America’s fastest-growing insurance companies, and we’re continuing to accelerate by empowering clients to make their best insurance choices. Speaking of empowering best choices, now is your time to join the company that is redesigning how insurance agents can succeed and grow their book of business like never before. See for yourself what the power of choice can provide.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Who is the manager of Goosehead Insurance?
Mr. Giannini joined Goosehead Insurance in 2012 as the Manager of IT. His primary responsibilities included implementing a new contact center phone system that would allow Goosehead to grow and manage their service center along with overseeing their infrastructure, Information Systems and day to day helpdesk duties. He continues to work on development and deployment of technologies and infrastructure that allow Goosehead to be nimble in today’s environment. He was promoted to Director of Information Technology in 2019 and he continues to evolve our infrastructure to meet tomorrow’s needs. Prior to joining Goosehead, he worked for Bain & Company for almost 16 years where he worked as Manager of Information Technology overseeing their Dallas, Houston, and Mexico City offices. Mr. Giannini graduated from the University of North Texas in 1995 with a Bachelor of Science in Merchandising. He has a CISM certification and got his CISSP certification in 2005.
Who is Chase Anderson?
Chase Anderson, Managing Director of Franchise Sales, has spent nearly a decade growing Goosehead’s franchise business to over 1500 franchise locations across 40 states. In his 8 years at Goosehead, Mr. Anderson has been involved in several areas of the business including new franchise development, building out national sales & recruiting teams, training and development, and supporting investor relations. Prior to Joining Goosehead, he had over 6 years of sales and management experience including retail, international trade and digital media. Mr. Anderson obtained a Bachelor of Science at Texas Tech University where he studied Economics, Financial Planning and Institutional Management.
What is franchising a company?
A company that shares the same values as you do. When franchising a business, you are taking the responsibility of someone else’s brand that they built. And you need to be ok with that as well.
What percentage of royalty is paid on a franchise?
However, when you take a look at the royalty fee, which you have to pay base on your gross revenue, the percentage is 20% and the advertising fee is 2%.
How long does it take to get paid for lead generation?
You’ll get paid per month for the next 10, 20, 30 years as long as there is the internet.
Does Goosehead Insurance have franchise rights?
When franchising Goosehead Insurance you also receive no territory rights to your franchise. There are no discounts or refunds available either.
Is it hard to find the right insurance agency?
With the variety of insurance agencies on the market today , it can be difficult to find the best one and find the right fit for you and your needs.
Is lead generation a business?
As I said, the lead generation business itself is a thriving one. Nowadays, there are more and more potential customers lurking around the internet in search of something worth buying.
Is Goosehead Insurance a good company?
Goosehead Insurance is definitely a wonderful company, but the franchise opportunity would need more details and information requested to figure out if it’s the best for you personally.