Keystone Insurers Group offers independent agents the opportunity to sell a range of insurance products, including personal, commercial, and health insurance. The franchise provides agents with carrier agreements.
Key Insights
- Keystone Insurers Group has a history rooted in fostering a collaborative network for independent insurance agencies, allowing them to gain access to superior carrier relationships, enhanced operational efficiencies, and a robust profit-sharing model that benefits all members. This established foundation supports a strong and resilient business model.
- The franchise operates by providing a framework for independent insurance agencies to thrive. Keystone Insurers Group offers its partners access to specialized programs, technology solutions, and ongoing support, enabling them to deliver comprehensive insurance products and services to their clients effectively.
- Operating within the insurance brokerage industry, Keystone Insurers Group serves a critical role in connecting consumers and businesses with necessary insurance coverage. The business focuses on strengthening the independent agency channel, a vital component of the broader insurance landscape.
Franchise Fee and Costs to Open
Exploring the financial picture of Keystone Insurers Services Group gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $27,250 - $99,200, along with a franchise fee of $5,000 - $20,000.
Financial Performance and Revenue
Yearly gross sales of $2,382,862 and estimated earnings of $428,916 - $595,716 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.1-3.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Keystone Insurers Services Group provides comprehensive training and resources for new franchisees. Initial training lasts two weeks and takes place at Keystone's corporate headquarters. This program covers operational, sales, and marketing strategies. Keystone Insurers Services Group offers ongoing support and access to a robust network of resources designed to assist in building a successful business. The franchisor recommends leveraging these tools for optimal growth.
Legal Considerations
Legal considerations for a Keystone Insurers Services Group franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Keystone Insurers Services Group franchise involves navigating a competitive local market, requiring a distinct value proposition to attract clients. Ensuring operational efficiency across diverse service offerings presents a complexity. Furthermore, dependence on established insurer relationships and potential supply chain variations for specialized services are considerations for sustained success.
Franchise Datasheet
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