The real numbers on owning a Keystone Insurers franchise
Insurance Agency Franchise (Property & Casualty) · FDD 2025 · from public state filings
FDisclosure honesty
This franchisor discloses little to no earnings data (Item 19).
★☆☆☆☆FranchiseValidate transparency rating: 1/5
Investment
$27,250–$99,200
Total fees
—
Outlets
280
Closure signals
4 ceased, 17 terminated
Lawsuits
2
Is Keystone Insurers worth it? How it compares to 312 similar franchises
Startup cost
from $27,250
cheaper than most (median $130,000)
Disclosure honesty
Grade F
less honest than most of the category
Closure rate
1.4% of outlets
about average
Disclosed lawsuits
2
more litigious than 67% of peers
Benchmarked against every other franchises franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
What their own earnings claim actually says
No financial performance representations disclosed. Franchisor explicitly states it does not make representations about franchisee future or company-outlet past financial performance.
Honesty grade F: the disclosed numbers are incomplete or framed to look better than an owner's real take-home.
Failure & turnover reality (Item 20)
2024: 17 terminations, 4 ceased operations, 5 reacquired. Declining trend from 298 to 280 outlets.
Legal history (Item 3)
2 matters disclosed.
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The franchisor won't put real owner profit in writing. We do — reconstructed from their own FDD.
Franchisor's framing: No financial performance representations disclosed. Franchisor explicitly states it does not ma…
🔒 Real estimated owner take-home (low / median / high) — unlocked in the report
Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
Break-even timeline + cash-on-cash ROI on your investment
Full fee stack + required-purchase markups
Decoded real failure / closure rate
How it ranks vs comparable franchises
Validation-call playbook — who to call + the exact questions
The FDD lists a total initial investment of about $27,250–$99,200, including a $5,000 initial franchise fee.
How much do Keystone Insurers franchise owners make?
Keystone Insurers discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
What is the Keystone Insurers franchise failure rate?
2024: 17 terminations, 4 ceased operations, 5 reacquired. Declining trend from 298 to 280 outlets.
Is a Keystone Insurers franchise worth it?
It depends on the numbers, not the pitch. Keystone Insurers scores F on disclosure honesty, and discloses 2 legal matters. Get the real owner take-home before you sign.
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Source: MN CARDS 33396-202504-06 (Clean FDD 2025). FranchiseValidate is independent and not affiliated with Keystone Insurers or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.