Brightway Insurance

Brightway Insurance

Property and casualty insurance
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2021 Franchise 500 Rank
#190 Ranked #254 last year
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Initial investment
$18K - $174K
Units as of 2020
208 46.5% over 3 years

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.

About Brightway Insurance

Founded
2003
Leadership
Michael Miller, President & CEO

Franchising Overview

Franchising Since
2007 (14 years)
# of employees at HQ
282
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
208 (as of 2020)

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
Veteran Incentives
10% off franchise fee
Royalty Fee
to 50%
Term of Agreement
5 years
Is franchise term renewable?
Yes

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?
No
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

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 #190

Franchise 500 Ranking

Ranked #16

Top Franchises for Less Than $50,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021