Listing Details:

  • Business Category:            Insurance
  • Price:                                           $ 345,000
  • Gross Revenue:                   $262,563
  • SDE:                                              $161,662
  • Location:                                    East Metro Twin Cities
  •  FF&E:                                           $3,500
  • Employees:                               2
  • Reason for Selling:              Moving out of State
  • Support & Training:              8 weeks
  • Non Compete:                         50 miles for 5 years
  • Years Owned:                          4
                                                 

Business Description:

Growing Farmers Insurance agency. This agency has technology in place for the next owner the step in and continue the growth. Excellent office facilities.

The new owner of this agency will be able to spend time growing and working on the business, marketing to current clients and new prospects on day one.

Top Agents in the district earn over $ 500,000 with the average agent earning over $ 150,000. Farmers Insurance Company has expanded their lines of insurance products to include commercial insurance and financial services.

Farmers Insurance Company will finance qualified buyers for the acquisition of this business with the Farmers Insurance Credit Union. Farmers Credit Union will finance up to 15 years at low interest rates.

Competitive Analysis:

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.

 

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