Brightway Insurance vs AmeriPlan Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Brightway Insurance vs AmeriPlan including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$18,100 - $173,500 | N/A |
Franchise Fee |
$5,000 - $60,000 | N/A |
Royalty Fee |
up to 50% | - |
Advertising Fee |
- | - |
Year Founded |
2003 | 1992 |
Year Franchised |
2007 | 1992 |
Term Of Agreement |
5 years | one year |
Term Of Agreement |
5 years | one year |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/Yes | -/- |
Start-up Costs |
-/Yes | -/- |
Equipment |
-/Yes | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
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
| - |
Operations |
Absentee Ownership Allowed
Number of Employees Required to Run: 3 | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About Brightway Insurance
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.
About AmeriPlan
Is the high cost of quality health care getting you
down? Are you one of the 58 million uninsured Americans with no health
coverage? Look no further… it is now possible to access affordable
dental, vision, prescription, chiropractic and medical plans for your
entire household.
Use. Save. Share.
Since 1992 AmeriPlan has been saving its members and IBO's millions of dollars each year while paying its IBO's millions of dollars each year in commissions, overrides and bonuses. AmeriPlan is a business built on a foundation of "Saving Money" and "Making Money" for its customers and business partners.AmeriPlan offers a unique opportunity to those who choose to pursue time, lifestyle and financial freedom through one of the nation's finest home-based business models. Inexpensive and easy to begin, inexpensive and easy to maintain, AmeriPlan Independent Business Owners may start on a full-time or part-time basis and can grow their current income and future income as fast and as large as they wish.