Renegade Insurance Franchise Cost, Revenue & Review 2026
- Investment
- $28K – $96K
- Disclosed sales
- not disclosed
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Renegade Insurance is an insurance agency franchise offering auto, home, and commercial policies through a marketplace of carriers. Franchisees run local agencies, selling and servicing policies and managing clients.
FranchiseVerdict summary · 2026
A Renegade Insurance franchise requires a total initial investment of $28K – $96K, including a $20K – $25K franchise fee and an ongoing 20.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Limited operating history: franchising since 2024. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade. Other new franchisors
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 4 headline figures on this page cite a page of the filing.
Overview
- Investment
- $28K – $96K
- 11th pct Financial Ser…
- Avg gross sales
- N/A
- 1 outlet
- Royalty
- 20.0%
- 48th pct Financial Ser…
- Units
- 1
- 0th pct Financial Ser…
- SBA charge-off
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = favorable by >10% vs Financial Services median · 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 $28K – $96K including a $20K franchise fee, 20.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict C (Average), verdict score 39/100 (higher is better).
- GROWTHNegative, pipeline stalled: 3 agreements signed but not yet open against 1 open outlets (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Renegade Insurance Franchising LLC
- Parent company
- Renegade Insurance Inc. (RII)
- FDD Item 1, page 9 of the 2025 FDD
- CEO title
- Founder and Chief Executive Officer
- Rashik Adhikari
- Incorporated in
- Florida
- HQ
- 3120 S Kirkman Road, Suite 2B, Orlando, Florida 32811
- Auditor
- Kezos & Dunlavy
- Audited financials
Overview
About
- CEO
- Rashik Adhikari
- Headquarters
- FL
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 34% 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 | $20K | $20K |
| Working capital (3–6 mo) | $3K | $18K |
| Equipment, build-out, other | $6K | $59K |
| Total initial investment | $28K | $96K |
Source: Renegade Insurance 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
- $28K – $96K
- Top 40% of category vs category
- Liquid capital req'd
- $3K – $18K
- Top 40% of category vs category
- Franchise fee
- $20K – $25K
- Top 40% of category vs category
- Royalty
- 20.0%
- typical 6–8%
- Ad fund
- $2,000
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 20.0% of gross sales |
| Technology fee | $375 |
| Transfer fee | $5K |
| Renewal fee | $0 |
| Total fee load | 20.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Renegade Insurance makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Renegade Insurance unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 20.0% — above the Financial Services median of 16.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 medians
How Renegade Insurance Compares
Category median of published Financial Services brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 3
- 3.00 per open outlet · Item 20 Table 5
- Projected new
- 45
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
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
New (2024) insurance franchisor with a single unit and audited financials. Four Item-3 matters, all resolved via settlement/arbitration (e.g., Reichling settled $5,000), mostly fraud/breach claims by former contractors — notable count for a 1-unit system. No Item 19, no bankruptcy, no going-concern.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Four matters disclosed, all resolved via settlement or arbitration dismissal: (1) Sarah Reichling v. Renegade Insurance LLC - fraud/breach of contract claims by former independent contractor, settled for $5,000; (2) Lilia Sanjuan v. Renegade Insurance LLC - similar fraud claims by former independent contractor, settled for $5,000; (3) Larisa Paris v. Renegade Insurance LLC; Rashik Adhikari - AAA arbitration alleging Texas Deceptive Trade Practices Act violations, seeking $10,000,000, all claims against RIL dismissed and plaintiff ordered to reimburse attorney fees; (4) Jeffrey Grady v. Renegade Insurance LLC et al. - wrongful termination/whistleblower retaliation by former employee, settled via mutual agreement in December 2024.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Item 21 states Exhibit B contains audited financial statements as of March 31, 2025 and compiled statements from inception (May 10, 2024) to Sept 30, 2024 for the franchisor Renegade Insurance Franchising LLC (formed May 10, 2024; not in business 3+ years). However, the Exhibit B financial statement pages (B-2 onward) are image-only scans with no OCR-extractable text, so no balance-sheet or income-statement figures or auditor name could be extracted.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
Score breakdown · what drove the 39 / 100 verdict
- 01HIGH4 resolved litigation matters (fraud/breach) — high relative to 1 unit
- 02MINORNo Item 19 disclosure
- 03MINORNew franchisor (2024), minimal system
- 04MEDAll matters settled/dismissed, no bankruptcy or going-concern
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 20.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory sizeℹ | Statewide (single state where licensed) |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Orlando, Florida (principal city closest to franchisor's principal place of business) |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 4 |
View Item 3 litigation summary
Four matters disclosed, all resolved via settlement or arbitration dismissal: (1) Sarah Reichling v. Renegade Insurance LLC - fraud/breach of contract claims by former independent contractor, settled for $5,000; (2) Lilia Sanjuan v. Renegade Insurance LLC - similar fraud claims by former independent contractor, settled for $5,000; (3) Larisa Paris v. Renegade Insurance LLC; Rashik Adhikari - AAA arbitration alleging Texas Deceptive Trade Practices Act violations, seeking $10,000,000, all claims against RIL dismissed and plaintiff ordered to reimburse attorney fees; (4) Jeffrey Grady v. Renegade Insurance LLC et al. - wrongful termination/whistleblower retaliation by former employee, settled via mutual agreement in December 2024.
Items 10, 11
Training & Operations
- Classroom training
- 42 hrs
- On-the-job training
- 28 hrs
- Ongoing training
- Required
- Site selection
- Franchisee proposes, franchisor approves
- Franchisor financing
- Offered
- Item 10
- POS system
- point-of-sale system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: point-of-sale system
Item 20 · call current owners
Franchisee Contacts
6 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Renegade Insurance franchise?
The total investment to open a Renegade Insurance franchise ranges from $28K – $96K, 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 Renegade Insurance franchise owners earn?
Renegade Insurance makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Renegade Insurance?
Renegade Insurance is franchised by Renegade Insurance Franchising LLC. Its parent company is Renegade Insurance Inc. (RII). Source: FDD Item 1, 2025 filing.
What is Item 19 in the Renegade Insurance 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 Renegade Insurance FDD and qualifies whose outlets they describe.
What is Renegade Insurance's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Renegade Insurance (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 Renegade Insurance franchise locations are there?
As of their most recent FDD filing, Renegade Insurance has 1 total units in the United States, including 1 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Renegade Insurance a good franchise to buy?
FranchiseVerdict rates Renegade Insurance as a C-grade franchise with a verdict score of 39 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.