Brightway Insurance FDD – Franchise Information, Costs and Fees
Type of Business
The franchisee will operate a Brightway Location that will primarily engage in the business of selling, servicing and delivering property and casualty insurance policies, but that may also offer certain other insurance services to its clients.
Brightway Insurance, LLC 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. From that date until December 8, 2021, when they converted to a limited liability company, they were organized as a Florida corporation under the name Brightway Insurance, Inc. They began selling franchises in 2008. They officially changed theirr entity name to “Brightway Insurance, Inc.” in August 2010, and converted the corporation to Brightway Insurance, LLC in December 2021. Their principal place of business and corporate offices are located at 3733 West University Boulevard, Suite 100, Jacksonville, Florida 32217.
The total investment necessary to begin operation of a single Brightway retail franchise (a “Retail Agency”) is $52,900 to $173,500. This includes a $50,000 to $60,000 initial fee that must be paid to the franchisor or its affiliate(s), which may be paid in lump sum or financed with a down payment of $20,000 to $30,000.
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 (an “Office Agency”) is $23,100 to $85,500. This includes $10,000 to $30,000 that must be paid to the franchisor or its affiliate(s).