Brightway Insurance Franchise

Insurance

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Brightway Insurance has redefined how independent agents grow and profit. Our innovative franchise agency model allows you to sell more policies, retain more customers, and earn more profit. You'll be able to give your customers the best coverage options from a variety of our nationally-backed insurance carrier partners. Finally, a better way to run an insurance agency. Three Ways to Win 1. Agent Conversion - Receive multiple liquidity events, one now and one later, when you convert your existing agency into a Brightway branded franchise. Doing so allows you to implement an effective perpetuation plan while receiving all the benefits of being an Associate Agency Owner with the #1 Insurance franchise in the nation. 2. Agency Conversion/Sale - If you are looking to sell your agency, Brightway is the answer. Through a single liquidity event, we will help execute on your perpetuation plan with honesty and integrity. Whether you are looking forward to retirement or a new opportunity outside of insurance, we are the solution to help make it a reality. 3. New Franchise Ownership - Open a Brightway franchise in an existing market, or lead our expansion efforts in one of the many new territories now available across the country.The total investment necessary to begin operation of a single Brightway retail franchise is $98,300 to $175,000. This includes a $60,000 initial fee that must be paid to the franchisor or its affiliate(s). Additionally, the franchisor offers franchisees the right to operate a Brightway franchise from a professional office space. The total investment necessary to begin operation of a single Brightway franchise from a professional office space is $58,000 to $93,750. This includes a $40,000 initial fee that must be paid to the franchisor or its affiliate(s).Veteran Incentives 10% off franchise fee #52 in Gator's Top franchises. #34 on Franchise Rankings.com#254 in Franchise 500 for 2020.#190 in Franchise 500 for 2021.

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$129.55 USD
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$129.55
$129.55


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Please Note: The operators of Brightway Insurance, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Brightway Insurance website.

How much does it cost to open a Brightway Insurance Franchise ?

The investment required to open a Brightway Insurance Franchise is between $18,100 - $173,500 . There is an initial franchise fee of $5,000 -$60,000 which grants you the license to run a business under the Brightway Insurance name.

Individual Franchise Costs

  • Initial Investment:
    $18,100 -
  • Initial Franchise Fee:
    $5,000 - $60,000
  • Royalty Fee:
    up to 50%
  • Term of Agreement:
    5 years

Expense In-House Third Party
Franchise Fee N/A Yes
Startup Costs N/A Yes
Equipment N/A Yes
Inventory N/A N/A
Accounts Receivable N/A N/A
Payroll N/A N/A

Training
On-The-Job Training: 120 hours Classroom Training: 64 hours Additional training

Support
Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software

Marketing
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing

Brightway Insurance Growth History

When did the first Brightway Insurance open? 2003
When did Brightway Insurance start Franchising ? 2007

Absentee Ownership Allowed Number of Employees Required to Run: 3

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming



How much does a Brightway Insurance Franchise owner make?

How much money you could make as a Brightway Insurance Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Brightway Insurance Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$5,000 - $173,500
Initial Franchise Fee
$5,000 - $60,000
Royalty Fee
up to 50%
Term of Agreement
5 years
Brightway Insurance Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Brightway Insurance and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Brightway Insurance franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.