Brightway Insurance

Brightway Insurance

Property and casualty insurance
Units as of 2020
191 (3 years)
55.3%
2020 Franchise 500 Rank
#254 Ranked #127 last year
127
Initial investment
$18K - $174K

Company Overview

In 2003, David Miller purchased the Jennings Insurance Agency-- with one office and three employees. He formed Miller Insurance Group, which would later become Brightway Insurance and begin franchising in 2007. Brightway franchises offer home, auto, life and business insurance services with the help of the company's centralized service center and accounting office.

Are you looking for guidance and expert advice?

Entrepreneur Franchise Advisors will guide you through the franchising process from start to finish, for FREE.

About Brightway Insurance

Founded
2003
Leadership
Michael Miller, President & CEO

Franchising Overview

Franchising Since
2007 (14 years)
# of employees at HQ
282
Where seeking
Franchisor is seeking new franchise units throughout the U.S.
# of Units
191

Franchisor Information

Corporate Address
3733 University Blvd. W., #100
Jacksonville, FL 32217

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Brightway Insurance franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$5,000 - $60,000
Initial Investment
$18,100 - $173,500
Cash Requirement
$25,000 - $200,000
Royalty Fee
to 50%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Are you unsure which franchise is right for you?

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Brightway Insurance has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
120 hours
Classroom Training
64 hours
Additional Training
Additional training
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
No

Buying a franchise is hard, we make it easy

Our Franchise Advisors are here to help make your franchise dreams a reality. They’ll provide guidance and support throughout your journey to make the process of opening a franchise seamless.

Franchise 500 Ranking History

Compare where Brightway Insurance landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Brightway Insurance ranked on other franchise lists? Find out below.

Ranked #254

In Franchise 500 Ranking

Ranked #115

In Fastest-Growing Franchises

Want to stay updated on the latest franchise news?

Never miss a beat when you sign up to receive our newsletter.

We care about the protection of your data. Read our Privacy Policy

Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Brightway Insurance.

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

What Preschools Get Right and Franchisors Get Wrong

Franchise Brands Need to Better Promote Franchisees' Confidence and Competence

Scott Greenberg

· 5 min read

Why Emerging Franchisors Need a Virtual (Assistant) Army For Growth

Using outsourced talent can help an emerging franchisor grow their business without overextending themselves

Ruth Agbaji

· 5 min read

Free On-Demand Webinar: 3 Myths & Truths of Owning a Franchise

There are a lot of rumors surrounding what it's like to own a franchise, so how can you tell what's fact from fiction?

Scott Greenberg

Free On-Demand Webinar: How to Overcome the Five Mental Pitfalls of Running a Franchise

As a franchise owner, you don't just run a business-you feel your business.

Scott Greenberg

Free On-Demand Webinar: 3 Essential Steps for Becoming a Wealthy Franchisee

Top-ranked franchisees have certain strategies and routines in common that lead to their successes.

Scott Greenberg

What Franchisors Need to Know When Hiring a Marketing Agency

To create consistency (and success) across multiple locations, franchises should find a marketing agency that understands their story-and knows how to tell it across platforms.

Frances Dodds

· 3 min read
Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
For reprints and licensing questions, click here.