#284

Initial Investment

LOW: $151,000
HIGH: $181,000

Change in Units

+5.1% +6 UNITS (1 Year)
+11.0% +13 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

2003

Franchising Since

2007 (9 Years)

Corporate Address

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

CEO

David Miller

About Brightway Insurance

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.

Financials

Financial Requirements

Initial Investment

$151,000 - $181,000

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$45,000 - $60,000

Ongoing Royalty Fee

15-45%

Financing Options

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

Veteran Incentives


$5,000 off franchise fee

Franchise 500® Rank History

Highest Rank: 193

Lowest Rank: 284

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training at headquarters: 3 weeks

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 3 - 5

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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: July 7th, 2016

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