Keystone Insurers GroupFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Keystone Insurers Group franchise requires a total initial investment of $27K – $99K, including a $20K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $27K – $99K
- 5th pct Financial Ser…
- Avg gross sales
- N/A
- 30th pct Financial Ser…
- Royalty
- N/A
- Units
- 280
- 53rd pct Financial Ser…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Financial Services · color = vs category peers
Green = >15% above Financial Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchising since 1999. Systems this mature have refined operations and brand recognition.
The system contracted 6% year-over-year. Investigate why units are closing.
Bottom line
- Total investment $27K – $99K including a $20K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 45/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Keystone Insurers Group LLC
- Parent company
- Keystone Agency Partners LLC
- Incorporated in
- DE
- HQ
- 1215 Manor Drive, Suite 208, Mechanicsburg, PA 17055
- Auditor
- Baker Tilly US, LLP
- Audited financials
- Franchisor revenue
- $42.9M
- vs $44.7M prior year
Overview
About
Keystone Insurers franchisees operate as independent insurance agents/brokers selling commercial and workers' compensation policies to small and mid-size businesses. Day-to-day activities include prospecting clients, underwriting policies, managing renewals, handling claims support, and maintaining compliance with state insurance regulations. Franchisees generate revenue through premium commissions while paying monthly service fees to the franchisor.
- CEO
- Patrick Kinney
- Headquarters
- PA
- Founded
- 1983
- FDD year
- 2025
- States available
- 19
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $20K | $20K |
| Working capital (3–6 mo) | $0 | $0 |
| Equipment, build-out, other | $7K | $79K |
| Total initial investment | $27K | $99K |
Source: Keystone Insurers Group 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $27K – $99K
- Better than avg vs category
- Liquid capital req'd
- $0 – $0
- Better than avg vs category
- Franchise fee
- $5K – $20K
- Better than avg vs category
- Royalty
- Monthly Service Fee ranges from $881 to $3,524 based on G…
- Ad fund
- -n/d
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Renewal fee | $0 |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Financial Services averages
How Keystone Insurers Group Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 280
- Opened
- 8
- Last reporting year
- Closed
- 17
- Turnover rate
- 6.1%
- Company-owned
- 22
- Corporate units in the system
- % franchised
- 92%
- vs corporate-owned
- Net growth (yr3)
- -6.0%
- Net unit change last year
- 3-yr CAGR
- +3.7%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 2
- Closed (3yr)
- 3
- Terminated (3yr)
- 7
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 5
- Reacquired (3yr)
- 6
- Franchisor bought back
- Termination rate
- 2.6%
- Franchisor-initiated terminations
- Ceased ops
- 1.1%
- Units that stopped operating
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Illinois
- Indiana
- Maryland
- New York
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $997K
- Median loan
- $997K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Keystone Insurers Group's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Keystone Insurers faces unit decline, undisclosed profitability, active litigation, and unprotected territories—present material risks for franchisees despite moderate initial investment.
Litigation (Item 3)
5 case reference(s): 0 pending, 2 settled.
Largest disclosed settlement: $1
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Baker Tilly US, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 45 / 100 rating
- 01MINORUnit count declining 6.0% YoY (280 units) suggests system contraction and potential saturation or performance issues
- 02MINORNo average revenue or net income disclosure (Item 19) prevents validation of profit potential and ROI timeline
- 03MINORTwo active lawsuits involving workers' compensation and fatality liability expose franchisees to reputational and legal risk in insurance sector
- 04MINORUnprotected territory creates direct competition risk—multiple franchisees could operate in same area
- 05MINORMonthly royalties of $881–$3,524 based on gross premium (not net) could create cash flow pressure during slow months
- 06HIGHGoing Concern status = False, indicating potential financial instability at franchisor level
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Protected territory | No |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 60 days |
| Termination notice | 15 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Pennsylvania |
| Litigation count | 2 |
View Item 3 litigation summary
5 case reference(s): 0 pending, 2 settled.
Items 10, 11
Training & Operations
- Training location
- On-site and franchisor location
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
28 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Keystone Insurers Group · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Keystone Insurers Group franchise?
The total investment to open a Keystone Insurers Group franchise ranges from $27K – $99K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Keystone Insurers Group franchise owners earn?
Keystone Insurers Group does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Keystone Insurers Group's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Keystone Insurers Group (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Keystone Insurers Group franchise locations are there?
As of their most recent FDD filing, Keystone Insurers Group has 280 total units in the United States, including 270 franchised units and 22 company-owned units. 8 new units were opened in the latest reporting year.
Is Keystone Insurers Group a good franchise to buy?
FranchiseVerdict rates Keystone Insurers Group as a A-grade franchise with a risk score of 45 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Keystone Insurers Group, you can request corrections or provide updated information.
Claim this brandOther Financial Services franchises
Compare similar franchise opportunities in the Financial Services category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.