The representations stating that the median tenured Brightway franchise makes $249,994 in pre-tax operating profit, the top 25% of tenured Brightway franchises make an average pre-tax operating profit of $425,577, and the top-performing tenured Brightway franchise makes $1,311,494 in pre-tax operating profit can be found in Table 3 of Item 19 of Brightway Insurance Inc.’s Franchise Disclosure Document issued April 15, 2020 (as amended June 18, 2020), which includes results for 64 franchisees during the 2019 year that had been open for five or more years as of December 31, 2019. Of the 16 Top 25% Brightway Locations presented in Table 3, 7 (44%) exceeded the Top 25% Average Pre-Tax Operating Profit.
The claim that Brightway Agencies make more than self-employed individuals is based on comparing the median Pre-Tax Operating Profit figures presented in Table 3 with the median income for individuals who were self-employed, as reported by the United States Small Business Profile 2019, U.S. Small Business Administration, Office of Advocacy, and calculated using information from 30.7 million small businesses in the United States. Table 3 shows a median Pre-Tax Operating Profit of $249,994 and an Average Pre-Tax Operating Profit of $425,577 for the Top 25% of Brightway Agencies open for at least five years, and the median income reported in the study described above is $51,419.
The claim half of all Brightway locations with Books of Business over $10 million, are owned and operated by people with no prior insurance background can be found in Table 1 of Item 19 of Brightway Insurance Inc.’s Franchise Disclosure Document issued April 15, 2020 (as amended June 18, 2020), which shows the Annualized Premium of the 177 Included Locations for the 2019 calendar year. The 177 Included Locations in Table 1 were open for more than 12 months as of December, 31, 2019. This Table provides a snapshot of the size of the book of business associated with each of the Included Locations, which is a commonly-referenced metric used in the insurance industry to determine agency size.
The claim one in four Brightway Agency Owners have books of business over $5 million can be found in Table 1 of Item 19 of Brightway’s Franchise Disclosure Document issued April 15, 2020 (as amended June 18, 2020). The information presented in Table 1 shows the Annualized Premium of the 162 AAOs operating the 177 Brightway Locations for the 2019 calendar year. The 177 Brightway Locations in Table 1 were open for more than twelve months as of December 31, 2019
This is not an offer. An offer can only be made by Franchise Disclosure Document only. Any offering made in connection with a franchise subject to the jurisdiction of New York State can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.