Brightway Insurance
- Brightway Insurance, Inc.
3733 University Blvd. W., # 100
Jacksonville, FL 32217
USA
-
(855) 723-5348
/
(904) 764-9554
- (904) 764-9517 (Fax)
Brightway Insurance is a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country.
The Brightway system features “centralized service.” Insurance store owners, or franchisees, focus on selling new policies while other needs, including Customer Service, are handled by the Home Office in Jacksonville, Fla. As a result, Brightway agents consistently outsell their independent agent counterparts 3-to-1*.
Brightway has been named:
• Forbes’ No. 1 Franchise to Buy in America
• A top franchise 3 years in a row by Entrepreneur magazine
• One of the fastest-growing private companies in America 9 consecutive years by Inc. 5000.
• Franchise Times’ Top 200+ Franchises 3 years in a row
• Franchise Business Review’s Top Franchises of 2017
• Florida Trend’s largest privately held companies in Florida 7 years in a row
• Jacksonville Business Journal’s Fastest Growing Companies in Northeast Florida 9 years in a row
Franchisor Background
Year Established: 2003
Franchising Since: 2008
Operating Units
Franchised Units |
143 |
99.3% |
Company-Owned Units |
1 |
0.7% |
Total Operating Units |
144 |
100% |
Geographic Distribution
USA |
144 |
100.0% |
In 17 States
|
Canada |
0 |
0.0% |
In 0 Provinces
|
International |
0 |
0.0% |
In 0 Foreign Countries
|
Total |
144 |
100% |
|
Multi-Unit Operators
Multi-Unit Operators |
N/A |
Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
Density |
Units |
Florida |
106 |
North Carolina |
3 |
Texas |
2 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia
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Support and Training
General Information
IFA Member |
Yes |
CFA Member |
No |
Franchisee Association? |
No |
Size of Corporate Staff |
240 |
Site Selection Assistance |
Yes |
Lease Negotiation Assistance |
No |
Financial Assistance |
Yes, Indirect |
Marketing Support
Co-Op Advertising |
No |
National Advertising |
No |
Regional Advertising |
No |
Local Advertising |
No |
Marketing Materials |
Ad Slicks, Brochures, Direct Mailers, Emails, Promotional Items, Site Signs
|
Additional Services: |
In-House Marketing, Newsletter, Press Releases, Sales Strategies
|
Other Marketing Support |
Marketing Plans, Cross-Sell Email Campaigns, Customer e-Newsletters, Design Services, and Public Relations Support, Social Media Support, Website Design and Maintenance, Presentations. |
Ongoing Support
Central Data Processing |
Included |
Central Purchasing |
N/A |
Field Operation Evaluation |
Included |
Field Training |
Included |
Initial Store Opening |
Included |
Inventory Control |
N/A |
Franchisee Newsletter |
Included |
Regional or National Meetings |
Included |
800 Telephone Hotline |
Included |
Training
Jacksonville, FL |
8 days |
In-office |
3 weeks |
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Financial Requirements
Investment
Minimum Net Worth |
$250K |
Cash Investment |
$107.7-160.3K |
Total Investment |
$107.7-160.3K |
Average Total Investment |
$134K |
Fees
Initial Franchise Fee |
$50-$60K (10% discount for veterans) |
Average Franchise Fee |
$55K |
On-Going Royalty |
15%-45% |
Average Royalty |
30% |
Advertising Fee |
0-3% |
Site Information and Requirements
Average Number of Full-Time Employees |
3-5 |
Average Number of Part-Time Employees |
0 |
Space Needs (in square feet) |
1000
|
Preferred Site Types |
Storefront
|
Encourages Conversions |
Yes |
Item 19 (Earnings Claim) Provided? |
No |
Listed in the SBA Registry? |
No |
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Franchisee Qualifications
Financial Net Worth |
5 |
General Business Experience |
5 |
Specific Industry Experience |
2 |
Formal Education |
2 |
Psychological Profile |
5 |
Personal Interviews |
5 |
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Terms of Contract
Term of Initial Contract |
5 |
Term of Renewal Period |
5 |
Passive Ownership? |
Allowed, but discouraged |
Area Development Agreements? |
No
|
Sub-Franchisor Contracts? |
No |
Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
Projected New Units Over Next 12 Months |
30 |
USA |
Yes |
Canada |
No |
Overseas |
No |
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Request Information for Brightway Insurance
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