Padgett Business Services vs Brightway Insurance
Franchise Comparison 2026
Both Padgett Business Services and Brightway Insurance are financial services franchises. Padgett Business Services requires an investment of $117K – $117K while Brightway Insurance requires $43K – $187K. On SBA loan performance, Padgett Business Services has a lower charge-off rate (8.7%) compared to Brightway Insurance (18.2%). FranchiseVerdict rates Padgett Business Services A (Strongest tier) and Brightway Insurance B (Above average).
| Metric | Padgett Business Services | Brightway Insurance |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $117K – $117K | $43K – $187K |
| Franchise Fee | $63K | $25K |
| Royalty Rate | Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027 | No traditional royalty; instead Brightway retains 20% of Brightway Sales Commissions on New Business (franchisee retains 80%) and 50% on Renewal Business (franchisee retains 50%), paid directly by Contracted Companies to Brightway. |
| Average Revenue (Item 19) | N/A | N/AOutlet subset |
| SBA Charge-Off Rate | 8.7% (65 loans) | 18.2% (11 loans) |
| Total Units | 167 | 354 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1988 | 2008 |
| FDD Year | 2025 | 2026 |
Padgett Business Services
AStrongest tierStrongest tier
Brightway Insurance
BAbove averageAbove average
Investment Range
$117K – $117K
$43K – $187K
Franchise Fee
$63K
$25K
Royalty Rate
Greater of 9% of Gross Receipts OR minimum monthly amounts (startup): $100-$1,700/mo escalating over term; conversion franchises pay 9% (5% year 1, 6.5% year 2 if timely); Padgett intends to increase to 12% effective Jan 1, 2027
No traditional royalty; instead Brightway retains 20% of Brightway Sales Commissions on New Business (franchisee retains 80%) and 50% on Renewal Business (franchisee retains 50%), paid directly by Contracted Companies to Brightway.
Average Revenue (Item 19)
N/A
N/AOutlet subset
SBA Charge-Off Rate
8.7% (65 loans)
18.2% (11 loans)
Total Units
167
354
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1988
2008
FDD Year
2025
2026