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Entrepreneur: Start & Grow Your Business

Brooke Insurance

Insurance & financial services

Background

Founded: 1986 Franchising since: 1988
Robert D. Orr founded Brooke Insurance & Financial Services in 1986 to pool the buying power of insurance agencies. In addition to providing insurance services, the company also offers loans where insurance can be used as collateral.
8500 College Blvd.
Overland Park, Kansas 66210
Phone:
(800)642-1872


Franchisor has 606 employee(s); 509 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 861 0 0 21
2007 814 0 0 12
2006 639 0 0 5
2005 444 0 0 1

Where Seeking Franchisees
In the U.S. Arizona, California, Colorado, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Louisiana, Michigan, Missouri, Nebraska, North carolina, New mexico, Nevada, Oklahoma, Tennessee, Texas, United states, Utah, Virginia, Washington

Costs and Fees

Total investment: $170.7K-385.8K
Franchise fee: $165K
Ongoing royalty fee: 10%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs Yes No
Equipment Yes No
Inventory Yes No
Accounts Receivable Yes No
Payroll Yes No

Qualifications
Net worth requirement: Varies
Cash liquidity requirement: Varies
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 40% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 24 hours
  • At franchisee's location: 30 hours

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Rankings

Franchise 500® rank:
#72 (2008); #37 (2007); #54 (2006); #72 (2005);

Ranked #1 in category in:
2008; 2007; 2006; 2005;

Fastest-Growing Franchises:
#22 (2008); #17 (2007); #24 (2006); #45 (2005);