How Much Does a SelectQuote Local Franchise Cost?

Initial Franchise Fee

The initial franchise fee for SelectQuote Local is $55K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.

Total Investment Range

Opening a SelectQuote Local franchise requires a total investment of $74K – $114K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.

Working capital alone ranges from $6K to $20K.

Ongoing Costs

Beyond the initial investment, SelectQuote Local franchisees pay ongoing fees. The royalty fee is 20.0% of gross sales (Net Revenues). The advertising or brand fund contribution is 2.0% of gross sales. There is also a technology fee of $600.

Net Worth & Liquid Capital Requirements

SelectQuote Local requires working capital of $6K – $20K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.