Goosehead Insurance
Who are we
What to know about Goosehead Insurance franchise? Goosehead Insurance Agency, LLC offers franchises for businesses that will offer various insurance products to customers, from a variety of insurance carriers. Goosehead Insurance is based in Westlake, TX. Scroll down to learn more!How much does a Goosehead Insurance franchise cost?Are you wondering how much is a Goosehead Insurance franchise? Before starting a Goosehead Insurance franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Goosehead Insurance franchise is $40,000 and can go all the way up to $118,500. Keep in mind, you should also allocate additional funds to live off of while the Goosehead Insurance business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Goosehead Insurance franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Goosehead Insurance business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Goosehead Insurance franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Franchisees
Updated on Apr 5, 2023Reviews
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The company offers strong tech and carrier access for fast growth, but many franchisees feel misled by a one-sided model with poor service, zero franchisor accountability, and severe penalties and legal risk for franchisees.
Great technology and a decent number of carrier appointments; there is an ability to grow a book fast
The business model that was promised to many franchisees in the beginning evolved into a different business model, leaving many franchisees upset. The agreement is one-sided. There are alls kinds of quality of standard metrics the franchisee must attain or they lose their franchise fees as well as their entire book of business through default and there are no quality of standard metrics for the franchisor to ensure they are providing the promised support and service to the franchisee and there is no substantive recourse. They "culled" over 500 franchises one year (their word to the shareholders) and they cannot meet industry standards when it comes to service. Their Franchise Agreement protects them from lawsuits, class actions, punitive damages, etc. And if you lose an arbitration, you pay their legal fees.
NoNegativeDisapprovesThe people who are successful in the space are self starters who don't need much help. Goosehead takes more of your income than necessary. Find the right aggregator or better yet buy an existing book of business so you'll get their appointments and keep all the income.
Constructively speaking, not much. There are better models out that don't cost as much which puts more pressure on the local agent to perform, but that's better than leaving up to a franchisor that's not delivering the value they promised.
The cost. This model is the most costly one in the marketplace. There are several other carrier appointment models out there that cost less.
NoNegativeApprovesBest support, products, processes, and its getting better.
Ownership with little barrier. Winners succeed. If you follow the model, trust in leadership, deal with what you can control, its a great life.
n/a
YesPositiveApprovesBeen in insurance 15 years. Probably not a perfect platform out there You’ll like Goosehead if you’re ok with allowing them to keep most the earnings.
Insurance sales made fairly easy if you’ve done it before.
You do all the work and cover all the costs…They take most the money. You’re basically an employee for Goosehead.
NoNeutralNeutralHorrible Company only people making real money are those who work in corporate offices who steal your clients away.
Nothing, they convinced me to leave Farmers I had been an agent for ten years with them promising everything, at the end they did not deliver no corporate support nothing, selling my agency cause I am almost bankrupt.
Everything they are all lies.
NoNegativeDisapproves