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Home > Franchises > Brooke Franchise Corp.
Brooke Franchise Corp.
A franchisee is a powerful and effective process that includes the marketing, sale and distribution of products as well as services. Experience of the franchisor and the goodwill of the brand are the vital attributes of a successful franchisee. The franchisor licenses the trademarks and techniques of doing business and performs the distribution of products or services through his associated dealers.
Brooke Franchise Corporation supports insurance agency ownership through franchising. Success by local business owners requires the discipline, support and resources that a franchise organization like Brooke Franchise Corporation provides. As the corporate name indicates, franchising is the foundation of Brooke, and it now has over 600 total franchises with locations in 26 states. Brooke has discovered that the value of an agency increases as a result of a successful conversion into Brooke’s franchise system. For this reason, many of Brooke’s flourishing franchisees have gone on to obtain extra independent insurance agencies and have transformed those into a Brooke franchise.
Brooke’s transition team delivers services that make the conversion of an independent agency truly flawless for the franchisee. The value of a Brooke franchise is defined by Brooke’s business model, support services and trusted brand name. More than 600 insurance agency locations across the country carry the Brooke name and their business continues to quickly expand. Brooke Franchise Corporation is a subsidiary of Brooke Corporation and is a NASDAQ, the National Association of Securities Dealers Automated Quotation listed company. The program is led by a group of devoted company executives who leave franchisees feeling confident and ready for business. Training curriculum includes information on operational events and marketing strategies.
Their total investment is between 135.7 thousand dollars and 355.8 thousand dollars. The franchise fee is 135 thousand dollars with an ongoing royalty fee of 15 percent. Their term of agreement is for 5 years and is renewable. According to Entrepreneur magazine, the company ranked at number 54 in 2006, 72 in 2005, 136 in 2004, 103 in 2003, and 273 in 2002 in Fastest Growing Franchises. It is their goal to guide franchisees through their process as smoothly as possible. This training program illustrates Brooke’s commitment to the success of each franchisee.
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