Brightway Insurance

Property and casualty insurance
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2024 Franchise 500 Rank
#468 Ranked #206 last year
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Initial investment
$42K - $160K
Units as of 2024
358 Increase 23.9% over 3 years

 

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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 350
Where seeking

This company is offering new franchises throughout the US.

# of Units 358 (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 Information Circle
$30,000 - $50,000
Initial Investment Information Circle
$42,100 - $159,500
Cash Requirement Information Circle
$23,000 - $55,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
to 50%
Term of Agreement Information Circle
5 years
Is franchise term renewable? Yes
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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 80 hours
Ongoing Support
Newsletter
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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-3
Are exclusive territories available? Information Circle
No
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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.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022