Farmers Insurance Agency Under $100K

Listing Details:

• Price: $95,000
• Gross Revenue: $109,567
• Location: Northeast Twin Cities
• Employees: 1
• Years Owned: 2 
• Support & Training: 8 weeks 
• Reason for Selling: Change of Industry

Business Description

The price of this agency is being heavily discounted because of its small size and the owner wanting a quick exit of the business. Perfect for an executive or sales minded person to start their own business and build a residual income.

This business can be financed through Farmers Insurance Federal Credit Union. Farmers Credit Union has terms of up to 15 years and low interest rates.

Average commissions for agents is over $ 100,000 annually. Top agents earn over $ 500,000 in annual commissions.

Competitive Analysis:

There is competition in the insurance and financial services industry. The new owner of this agency will start with a strong client base and the ability to sell new lines of business to existing clients. In addition, there is an existing database of qualified prospects to sell all lines of service too.

Growth Potential:

The revenue and commission trends in this business are steady. The insurance business/industry is steady and offers residual income. As you build your business the commission revenue continues to grow above the year before.