SelectQuote Local Insurance
SelectQuote Local franchises enable owners to operate independent insurance agencies selling various personal insurance products, including Medicare Advantage, Medicare Supplement, final expense, term life, dental, vision, and hearing coverage from multiple carriers. The business model leverages the SelectQuote brand for local sales to individual customers, with franchisees handling sales and potentially expanding to other licensed insurance lines. Target markets primarily include seniors for Medicare products and individuals seeking affordable personal insurance options.
Franchise Costs
20% royalty on net revenues (30% on health insurance renewals) + 2% national marketing fund + $500/mo technology fee per user + $100/mo IT support per person + $25-$1,500/mo accounting + $150/mo IT telephony/development
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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How SelectQuote Local Insurance Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
SelectQuote Local Insurance Current | $79K – $119K | $55K | 20.0% | 0 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| RE/MAX | $37K – $337K | $35K | 1.0% | 2,994 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
Business Services Average 192 franchises | $121K – $291K | $47K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 192 Business Services franchises by location count.
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Frequently Asked Questions
The total initial investment to open a SelectQuote Local Insurance franchise ranges from $78,500 to $118,500. This includes a franchise fee of $55,000. Ongoing royalty fees are 20.0% of gross sales.
Download SelectQuote Local Insurance FDD
Complete Franchise Disclosure Document — 2026 filing.
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Download SelectQuote Local Insurance FDD
Complete Franchise Disclosure Document — 2026 filing.
Best Value — Save with Full Access
- Access the full database of 1,700+ franchise FDDs
- Franchisee names, phone numbers & locations
- Revenue data, fees, investment breakdowns
- SBA loan history & default rates
- Litigation, bankruptcy & due diligence data
- Pay once, access everything forever