FranchiseVerdict
Renegade Insurance logo
FV-02135·CAUTIONExcellent81

Renegade Insurance

Formerly known as RIF

Business Services - Tax & FinancialFranchising since 2024Website
Investment
$28K – $101K
21st pct Tax & Financi…
Avg revenue
47th pct Tax & Financi…
Royalty
20.0%
47th pct Tax & Financi…
Units
1
0th pct Tax & Financi…
SBA default

Bottom line

  • Total investment $28K – $101K including a $25K franchise fee, 20.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100.
  • 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
Renegade Insurance Franchising LLC
Parent company
Renegade Insurance Inc.
Incorporated in
Florida
HQ
3120 S Kirkman Road, Suite 2B, Orlando, Florida 32811
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$0
Most recent fiscal year

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 Renegade Insurance unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $28K–$101K
Working capital
$
FDD reports $3K–$18K

Unlevered ROIC · per unit

0%

Negative

0%30–60% Yale band80%

Store EBITDA · annual
$0
EBITDA margin
0.0%
Total invested
$75K
Payback
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Renegade Insurance franchisees likely operate as independent insurance agents or brokers, selling insurance products (auto, home, commercial, or specialty lines) to retail and commercial customers. Daily activities typically involve prospecting clients, quoting policies, processing applications, managing renewals, and handling customer service—either from a physical office or remote setup depending on franchise model.

CEO
Rashik Adhikari
Founded
2024
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$28K – $101K
All-in to open one unit
Liquid capital
$3K – $18K
Cash you must have on hand
Franchise fee
$25K
Royalty
20.0%
Percentage of Gross Revenue · typical 6–8%
Ad fund
$2,000
Total fee load
20.0%
vs 9–13% typical

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

Total units
1
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 13 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

72
Risk · 0-100
CAUTION72 / 100

A single-unit franchise system with litigation history, opaque financials, punitive royalties, and potential franchisor instability presents extreme investment risk.

Score breakdown · what drove the 72 / 100 rating

  1. 01MINOROnly 1 active franchise unit with unknown growth trajectory suggests a non-viable or collapsing system
  2. 02MINORRoyalty structure of 20-60% of gross revenue is extremely high and will severely limit profitability regardless of sales volume
  3. 03HIGHFour litigations involving breach of contract, fraud, and misrepresentation against affiliate entity raises serious concerns about corporate integrity and business practices
  4. 04MEDNo disclosed average revenue or net income data prevents meaningful ROI analysis and suggests franchisor may be hiding poor unit economics
  5. 05MINORUnprotected territory exposes franchisees to direct competition from other franchisees and the franchisor itself
  6. 06HIGHGoing Concern status is False, indicating potential financial instability of the parent franchisor
  7. 07MINORHigh franchise fee ($25,000) combined with wide investment range ($28,350-$101,200) suggests unclear or variable startup costs

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
State
Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
4
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Florida

Item 11

Training & Operations

Classroom training
42 hrs
On-the-job training
28 hrs
POS system
point-of-sale system
Operating tech stack

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

13 numbers

Locked
(213) 576-••••
CA
(608) 266-••••
WI
(401) 462-••••
RI

One-time purchase · CSV download · Validation questions included

FDD download

Renegade Insurance · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above