Brightway Insurance Franchise Review
Brightway Insurance is a Franchise Grade Made The Grade™ franchise, which means it's ranked strongly by our research team.
Franchise Info
Brightway Insurance is in the business of selling, servicing and delivering property and casualty insurance policies, but may also offer certain other insurance services to its clients.
What is the upfront cost to own a Brightway Insurance franchise?
Brightway Insurance has a franchise fee of up to $60,000, with a total upfront investment range from $98,300 to $175,000.
- Initial Franchise Fee: $60,000
- Total Investment: $98,300 to $175,000
- Working Capital: $24,000 to $55,000
- Royalty Fee: 50.0%
The initial purchase price of any franchise includes several fees. Check out this investment opportunity to better understand the specific costs required to buy a Brightway Insurance, such as territory fees, construction and costs, grand opening advertising, and furniture and fixtures purchases. It should be noted that, franchise companies must to disclose all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay. Another important consideration to review is whether the initial fees are refundable or not. The franchise system must disclose what conditions any of the initial fees are refundable. A franchise must also disclose a range of fees if its upfront fees are not uniform within the franchise. A thorough review of the Item 5 upfront fees will give you the answers needed to make a decision to purchase this franchise.
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How much can I earn by owning a Brightway Insurance franchised business?
As with any new franchised business, the franchisee's income and the revenue from a Brightway Insurance franchise opportunity depends on a variety of factors. One way to check on the potential revenues or profits generated from a Brightway Insurance franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. Usually, earnings and owner's income are correspond to the size of the investment and number of locations you buy. Demand for your products, the labor costs, commercial lease rates and a number of other variables also play a large role in your earnings and your personal income
For more details and franchise specific on the revenue of a Brightway Insurance franchise, unlock this franchise
How many franchise outlets does Brightway Insurance franchise have?
As of the 2020 Franchise Disclosure Document, there are 203 franchised Brightway Insurance locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Brightway Insurance franchises in my area?
Based on 2020 FDD analysis, Brightway Insurance has franchised locations in 22 states.
Based on the data collected this franchise opportunity is growing into new cities and might be available in your city.
One of our franchise experts will have detailed knowledge about this franchise opportunity. Sign up to learn more and talk with our experts.
Last Reviewed: 2020
Sector: Business Services
Category: Insurance
Brightway Insurance Franchise DATA
5 Years
5 Years
107
203
50.0%
0.0%
ADDITIONAL QUESTIONS
Does this opportunity provide any initial training and opening assistance?
Yes, they have an initial training program of 184 hours. This includes 64 hours of classroom training, 120 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 120 |
| Classroom | 64 |
| Total | 184 |
Does this opportunity offer Territory Rights?
Brightway Insurance does NOT offer territory protections. For an explanation of territory rights, unlock this franchise for important details.
Do they have marketing and technology support in place?
No, Brightway Insurance does NOT offer comprehensive support for franchisees.
How long ago did they start franchising?
They began franchising in 2008. The average Insurance franchise began franchising in 2012.
Does Brightway Insurance offer lending support?
Yes. They offer certain financing options within Item 10 of their FDD.
Unlock this franchise for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and advertising fees
- Key Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchise owner revenues?
- Does this brand provide Veteran or First Responder discounts?
- Does this brand use public figures to promote their franchise?
- Does this brand disclose any bankruptcies?
- Is this brand affiliated with any other franchise opportunities or private equity investment groups?
- How many new locations have they opened over the last 5 years?
- How many franchised locations have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated over the last 5 years?
- Does this brand operate any company or affiliate owned locations?
- How long is their initial and renewal term lengths?
- How does the franchisor avoid litigation and lawsuits?
- How long has the franchisor been in business?
- Are they expanding into Canada or other Countries?
- How often are royalties and advertising fees paid to the franchisor?
- Is your desired franchise territory available?
- What is the role of technology in the operation of the franchise?
- Why has new franchise outlet growth been so low?
- What are the critical requirements for managing a successful franchised location in this system?
- Are you required to work in the outlet or is this a passive investment opportunity?
- Will they refund any upfront fees under certain circumstances?