Keystone Insurers Group Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Keystone Insurers Group is an independent insurance-agency franchise focused on commercial and business insurance. Franchisees run an agency writing and servicing commercial policies across carriers, earning commissions with franchisor support.
FranchiseVerdict summary · 2026
A Keystone Insurers Group franchise requires a total initial investment of $27K – $99K, including a $5K – $20K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $27K – $99K
- 5th pct Financial Ser…
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 302
- 66th pct Financial Ser…
- SBA charge-off
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = favorable by >10% vs Financial Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $27K – $99K including a $5K franchise fee.
- RETURNSConsolidated total revenues, net (Keystone Insurers Group, Inc. and Subsidiaries, audited): commission related $32,993,367, franchise related $6,113,288, consulting $5,588,249 for FY2023. Audited financials are of the franchisor's predecessor in interest, Keystone Insurers Group, Inc.; other_revenue reflects the 'Other income' line in Other Income, not part of total revenues net.
- RISKVerdict A (Strongest tier), verdict score 65/100 (higher is better).
- DATANo 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
Corporate structure & franchisor financials
- Legal entity
- Keystone Insurers Group LLC
- Parent company
- Keystone Agency Partners LLC
- Predecessor
- Keystone Insurers Group, Inc.
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Patrick Kinney
- Incorporated in
- DE
- HQ
- 1215 Manor Drive, Suite 208, Mechanicsburg, PA 17055
- Auditor
- Baker Tilly US, LLP
- Audited financials
- Franchisor revenue
- $44.7M
- vs $33.3M prior year
Overview
About
- CEO
- Patrick Kinney
- Headquarters
- PA
- Founded
- 1983
- FDD year
- 2025
- States available
- 19
Can you afford it, and what does the money buy?
Entry cost runs 52% below the typical financial services franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $5K | $5K |
| Working capital (3–6 mo) | $0 | $0 |
| Equipment, build-out, other | $22K | $94K |
| 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
- Top 40% of category vs category
- Liquid capital req'd
- $0 – $0
- Top 40% of category vs category
- Franchise fee
- $5K – $20K
- Top 40% of category vs category
- Royalty
- Monthly Service Fee based on Gross Premium tiers: $881/mo…
- Ad fund
- No advertising fund; franchisor has no advertising counci…
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Monthly Service Fee tiered by annual gross written premium; ranges from $881/month (< $1M GWP) to $3,524/month ($49-50M GWP), adding $55.06 per additional $1M above $50M |
| Renewal fee | $0 |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Keystone Insurers Group did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Keystone Insurers Group unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
166%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Consolidated total revenues, net (Keystone Insurers Group, Inc. and Subsidiaries, audited): commission related $32,993,367, franchise related $6,113,288, consulting $5,588,249 for FY2023. Audited financials are of the franchisor's predecessor in interest, Keystone Insurers Group, Inc.; other_revenue reflects the 'Other income' line in Other Income, not part of total revenues net.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System roughly stable (+3.7% 3-year CAGR) with 302 units.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Financial Services averages
How Keystone Insurers Group Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 302
- Opened
- 8
- Last reporting year
- Closed
- 17
- Turnover rate
- 7.5%
- Company-owned
- 22
- Corporate units in the system
- % franchised
- 93%
- vs corporate-owned
- Net growth (3-yr)
- -4.4%
- Net unit change over 3 years
- 3-yr CAGR
- +3.7%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 8
- Closed (3yr)
- 4
- Terminated (3yr)
- 17
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 5
- Reacquired (3yr)
- 5
- Franchisor bought back
- Termination rate
- 2.6%
- Franchisor-initiated terminations
- Ceased ops
- 1.1%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 11 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
- N/A
- limited sample (1 loan) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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)
Two cases: (1) American Builders Insurance Co. v. Keystone Insurers Group - workers' comp policy dispute, summary judgment for defendants in Sept 2023, settled after appeal; (2) Boytos v. East Coast Risk Management - wrongful death claim against affiliate Risk Management, 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)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 65 / 100 verdict
- 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
What are you signing up for?
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | 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 | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 15 days |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Arbitration location | Pennsylvania |
| Jury trial waiver | Yes |
| Governing law | PA |
| Litigation count | 2 |
View Item 3 litigation summary
Two cases: (1) American Builders Insurance Co. v. Keystone Insurers Group - workers' comp policy dispute, summary judgment for defendants in Sept 2023, settled after appeal; (2) Boytos v. East Coast Risk Management - wrongful death claim against affiliate Risk Management, settled.
Items 10, 11
Training & Operations
- Training location
- On-site and franchisor location
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
18 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 $5K. 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 Item 19 in the Keystone Insurers Group FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Keystone Insurers Group FDD and qualifies whose outlets they describe.
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 302 total units in the United States, including 280 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 verdict score of 65 out of 100 (higher is better), 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
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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.