Keystone Insurers Group
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.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Keystone Insurers Group unit return on the cash you put in?
Unlevered ROIC · per unit
166%
Above typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
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.
Score breakdown · what drove the 65 / 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
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
28 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Keystone Insurers Group · FDD (2025) PDF