Goosehead Insurance Franchise FDD, Profits & Costs (2025)
Goosehead Insurance is a prominent independent personal lines insurance agency that offers a comprehensive range of insurance products, including homeowners, auto, flood, and specialty policies. Founded in 2003, the company has rapidly expanded its presence across the United States, establishing itself as a leader in the insurance industry.
As of 2024, Goosehead Insurance boasts a network of over 1,100 franchises nationwide, reflecting its significant growth and commitment to providing exceptional service to its clients. The company’s headquarters are located in Westlake, Texas, serving as the central hub for its operations and support services.
Goosehead Insurance began franchising in 2011, offering entrepreneurs and insurance professionals the opportunity to own and operate their own agencies under the Goosehead brand. This franchising model has been instrumental in the company’s expansion, allowing it to cater to a diverse clientele with varying insurance needs.
What sets Goosehead Insurance apart from its competitors is its commitment to empowering franchisees with cutting-edge technology, superior back-office support, and access to a wide array of insurance carriers.
Initial Investment
How much does it cost to start a Goosehead Insurance franchise? It costs on average between $40,000 – $119,000 to start a Goosehead Insurance franchised facility.
This includes costs for office setup, technology infrastructure, licensing, and initial operating expenses. The exact amount depends on various factors, including the location of the agency, the size of the office space, and whether the franchisee chooses to lease or purchase the property.
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $25,000 – $60,000 |
Lease, Improvements, Furniture, Fixtures, Utilities | $0 – $6,000 |
Rent | $0 – $4,000 |
Signage and Media | $0 – $2,500 |
Office Equipment and Startup Supplies | $5,000 – $8,000 |
Insurance | $2,000 – $5,000 |
Licenses | $500 – $1,000 |
Professional Fees | $1,000 – $5,000 |
Training Expenses | $500 – $7,000 |
Additional Funds – 3 months | $6,000 – $20,000 |
TOTALS | $40,000 – $118,500 |
Average Revenue (AUV)
How much revenue can you make with a Goosehead Insurance franchise? A Goosehead Insurance franchised business makes on average $228,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $228,000 yearly revenue for similar insurance franchises. Below are a few Goosehead Insurance competitors as a comparison:
Goosehead Insurance Franchise Disclosure Document
Frequently Asked Questions
How many Goosehead Insurance locations are there?
As of the latest data, Goosehead Insurance operates a total of 1,238 locations across the United States. This includes 1,226 franchised units and 12 company-owned locations, reflecting the company’s strong expansion through its franchise model while maintaining a limited number of corporate-owned offices.
What is the total investment required to open a Goosehead Insurance franchise?
The total investment required to open a Goosehead Insurance franchise ranges from $40,000 to $119,000.
What are the ongoing fees for a Goosehead Insurance franchise?
Goosehead Insurance franchisees pay a royalty fee of 20% of gross revenues for new business and 50% for renewals. Additionally, they contribute up to 2% of gross revenues toward marketing and advertising efforts.
What are the financial requirements to become a Goosehead Insurance franchisee?
To become a Goosehead Insurance franchisee, candidates are typically required to have a minimum net worth of $100,000 and liquid capital of at least $25,000.
How much can a Goosehead Insurance franchise owner expect to earn?
The average gross sales for a Goosehead Insurance franchise are approximately $0.23 million per location. Assuming a 15% operating profit margin, $0.23 million yearly revenue can result in $35,000 EBITDA annually.
Who owns Goosehead Insurance?
Goosehead Insurance franchise is owned by Goosehead Insurance, Inc., a publicly traded company listed on the NASDAQ under the ticker symbol GSHD. The company was co-founded by Mark E. Jones and Robyn Jones, with Mark E. Jones serving as Chairman and CEO.
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