- 2024 Franchise 500 Rank
-
#468 Ranked #206 last year
- Initial investment
-
$42K - $160K
- Units as of 2024
-
343 18.7% over 3 years
Company Overview
About Brightway Insurance
Industry | Financial Services |
---|---|
Related Categories | Insurance , Miscellaneous Financial Services, Miscellaneous Services |
Founded | 2003 |
Parent Company | Brightway Insurance |
Leadership | Nick Clements, President & CEO |
Corporate Address |
3733 University Blvd. W., #100 Jacksonville, FL 32217 |
Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2008 (16 years) |
---|---|
# of employees at HQ | 345 |
# of Units | 343 (as of 2024) |
|
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
|
$30,000 - $50,000 |
---|---|
Initial Investment
|
$42,100 - $159,500 |
Cash Requirement
|
$50,000 - $150,000 |
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.
In-House Financing | Brightway Insurance offers in-house financing to cover the following: franchise fee, accounts receivable |
---|---|
Third Party Financing | Brightway Insurance has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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 | 39 hours |
---|---|
Classroom Training | 65 hours |
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
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 | 1-3 |
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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Brightway Insurance.
Intelligent Office
- description
- Physical and virtual office space for mobile executives and small businesses
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
McDonald's Is Extending Its $5 Meal Deal in Most of the U.S. — Get the Details Here
The $5 deal, created in response to a demand for value from inflation-strapped consumers, was initially planned for a four-week run.
McDonald's is About to Bring Back a Beloved Menu Item — Here's What You Need to Know
A new test run indicates that the popular Snack Wraps — off the U.S. menu since 2016 — may return soon.
Join the #1 Breakfast Franchise with Eggs Up Grill!
Eggs Up Grill has a talented executive team focused on driving the strategic growth of the brand. They provide franchisees access to open territories, the ability to diversify a portfolio, and is a brand with demonstrable growth.
In a 'Landmark Victory' for Franchises, NLRB Drops Expanded Joint Employer Appeal — Here's What it Means for Businesses
The attempt to implement the expanded Joint Employer Rule is "finally finished" in a win for the IFA-led coalition and for franchises across the U.S.
4 Things I Wish I Knew Before Starting My Franchise Journey
Discover key insights about franchise ownership by understanding these four learned lessons from a seasoned franchise owner and consultant.
Four Takeaways for the Franchise Industry From My Time at the Republican National Convention
Matt Haller, President and CEO of the IFA, says the stakes are high for franchisors and franchisees in the upcoming presidential election.