Brightway Insurance FDD Summary
Type of Business
The franchisee will operate a Brightway Insurance Agency which will primarily engage in the business of selling, servicing and delivering property and casualty insurance policies, but which may also offer certain other insurance services to its clients.
Corporate Information
Brightway Insurance, Inc. is a Florida corporation formed on August 1, 2003. They were originally incorporated as Miller Insurance Group, Inc. and began doing business under the name “Brightway Insurance” in May 2007. They began selling franchises in 2008. In August 2010, they officially changed their corporate name to “Brightway Insurance, Inc.” Their principal place of business and corporate offices are located at 3733 West University Boulevard, Suite 100, Jacksonville, Florida 32217.
Investment
The total investment necessary to begin operation of a Brightway franchised business is $115,200 to $181,000. This includes $45,000 to $60,000 that must be paid to the franchisor or its affiliate(s). They also offer qualified individuals who already own and operate an independent insurance agency that meets their-then-current conversion criteria the right to convert their existing business into a Brightway Associate Agency. The total investment necessary to convert an Existing Business into a Brightway franchised business is $104,000 to $146,500. This includes $45,000 to $60,000 that must be paid to the franchisor or its affiliates. This range does not include amounts you would otherwise pay in the normal operation of your Existing Business.