FranchiseVerdict
Goosehead Insurance logo
FV-01089·STRONGExcellent91

Goosehead Insurance

Business Services - Tax & FinancialFranchising since 2011Website
Investment
$66K – $112K
53rd pct Tax & Financi…
Avg revenue
$90K
0th pct Tax & Financi…
Royalty
20.0%
47th pct Tax & Financi…
Units
1,022
88th pct Tax & Financi…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $66K – $112K including a $50K franchise fee, 20.0% ongoing royalty.
  • Average unit revenue of $90K/year (median $49K).
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 81 loans (below the industry average).
  • System contracting at -17.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Goosehead Insurance Agency, LLC
Parent company
Goosehead Insurance, Inc.
Incorporated in
Delaware
HQ
1500 Solana Boulevard, Suite 4500, Westlake, Texas 76262
Auditor
Deloitte & Touche LLP
Audited financials
Franchisor revenue
$261K
vs $315K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Goosehead Insurance unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $90,016
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $66K–$112K
Working capital
$
FDD reports $6K–$20K

Unlevered ROIC · per unit

1%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$900
EBITDA margin
1.0%
Total invested
$102K
Payback
1356 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Goosehead franchisees operate as independent insurance agents, primarily selling property & casualty, life, and commercial insurance policies on behalf of carrier partners. Day-to-day work involves client acquisition, policy comparison and placement, customer service, and renewals—with most revenue derived from commissions and renewal override payments rather than direct sales.

CEO
Mark Miller
Founded
2008
FDD year
2026
States available
43

Item 7 · what it costs

The Vitals

Total investment
$66K – $112K
All-in to open one unit
Liquid capital
$6K – $20K
Cash you must have on hand
Franchise fee
$50K
Royalty
20.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
22.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$90K
Per unit, per year
Median gross sales
$49K
Item 19 type
Gross Revenues and Premiums
Sample size
1427 units
vs category median 112 · large
Range (low → high)
$157$363K
Cohort dispersion
Transparency
4 / 5
vs category median 0 / 5 · above
Revenue rank0th
vs Business Services - Tax & Financial peers
Investment cost rank53th
Lower investment ranks lower (better)
Royalty rate rank47th
Lower royalty = lower percentile (better)
Unit count rank88th
vs Business Services - Tax & Financial peers
Risk score rank29th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1,022
Opened
121
Last reporting year
Closed
215
Turnover rate
21.0%
Company-owned
13
Corporate units in the system
% franchised
99%
vs corporate-owned
Net growth (yr3)
-8.5%
Net unit change last year
3-yr CAGR
-17.7%
Compounded over last 3 years
2024
1,009-94
Franchised units
2025
1,103
Franchised units
2026
1,226
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 10 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 10 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
81
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

54
Risk · 0-100
STRONG54 / 100

Goosehead presents a contracting franchise system with unsustainable royalty economics, declining unit count, and litigation history that substantially outweighs the modest $66k entry investment.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINORDeclining unit count (-8.5% YoY) signals system contraction and potential franchisee dissatisfaction
  2. 02MINORExtremely high royalty burden: 20% initial + 50% renewal terms creates severe cash flow pressure on $90k average revenue
  3. 03MEDNo disclosed average net income prevents evaluation of actual profitability after 20-50% royalty extraction
  4. 04HIGHMultiple litigation cases involving franchisor collection actions and settled franchisee disputes indicate operational/relationship friction
  5. 05MINORUnprotected territory increases competition risk and customer poaching among franchisees
  6. 06MINORNo Item 19 financial data disclosure limits transparency and comparative performance benchmarking
  7. 07MINOR10-year term with 50% renewal royalty creates long-term financial lock-in with unfavorable economics

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
5
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
80 hrs
POS system
Salesforce.com
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

97 numbers

Locked
(602) 698-••••
AZ
(602) 641-••••
AZ
(818) 679-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Goosehead Insurance · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above