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Updated RecentlyEstrella Insurance vs Brightway Insurance Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Estrella Insurance vs Brightway Insurance including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $12,250 - $84,000 | $18,100 - $173,500 |
| Franchise Fee | $10,000 - $25,000 | $5,000 - $60,000 |
| Royalty Fee | 10% - 14% | up to 50% |
| Advertising Fee | 7% | - |
| Year Founded | 1988 | 2003 |
| Year Franchised | 1997 | 2007 |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 264 hours Classroom Training: 80 hours | 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 Franchisee Intranet Platform | 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 Loyalty program/app | 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 |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Estrella Insurance
For over 30 years Estrella Insurance has provided our customers with exceptional
service and a professional atmosphere. With more than 135 locations in
Florida, California, Arizona, Ohio and soon to be in Texas; we are
dedicated to the continued success of our franchisees. Estrella Insurance Franchise owners
are assisted in every step prior to opening as well as the continual
support from our management staff. Extensive training is provided
periodically to enhance the owner's ability to maximize the income
potential, Estrella Insurance provides operations agency visits. We have developed a
strong relationship with many major insurance companies giving us an
edge above the competition allowing our owners to provide quality to our
clients. In addition, Estrella Insurance provides superior Marketing and Advertising in
both Spanish and English languages including all media such as TV,
radio, outdoor and most importantly the internet, even though our most
successful campaign are referrals from satisfied customers.
Veteran Incentives 10% off franchise fee
#153 in Franchise 500 for 2020.About Brightway Insurance
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
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