< Previous
Result 15 of 37 Next >
Independent Insurance Agency founded in 1988
| Asking Price: | $160,000 | Inventory: | |
| Gross Revenue: | $149,158 | Real Estate: | n/a |
| Cash Flow: | $63,369 | FF&E: | $19,685 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Independent insurance agency with same owner for 21 years. Over 1,500 policies which are 78% auto, 10% commercial, 10% public transportation, 2% small general liability. Mercury, Gainsco, Progressive, Seminole, Mendota, and other lines. Seller founded company on hard work, ethical recommendations, ongoing customer service, and the highest level of integrity. Loaded with cross-selling opportunities. Excellent strip mall location on main thoroughfare with great exposure, signage, and parking. Clean books and records. Seller will thoroughly train the new owner would like to stay for 12 months.
About the Business
Year Established:1988
Employees:1 full time - 1 part time
Facilities:Nearly new computer IT system with room for expansion. Four work stations with room to expand to possibly six or seven work stations.
Market Outlook and Competition:High retention and referral customer base has produced successful business. Great walk-in location, Yellow Pages advertising, one-weekly neighborhood magazine. No real marketing currently implemented. Referral and retention rates are great. Location drives walk-in customers which has great signage and parking on major thoroughfare in County. Seller has built business on face-to-face interaction and communication/talking with customer and thoroughly explaining insurance products and services. They emphasize selling customers what they need, not what they want. Agency has secured good lines (companies) with wide range of insurance products keeping competitive with the market. Basic advertising initiatives, website, brochures, and promotions would increase business. Seller has not implemented these basic advertising/marketing initiatives for a very long time. Monday through Friday 9-5, Saturday 10-4, Closed 1-2 pm for lunch. One full-time (440 license) and one part-time staff handle most of the business. Same owner/founder for 21 years. Great profitable history for company in great location. Business is run on Fiscal Year ending 09/31/20XX (FY2008 ended 09/31/2009). Very clean books and records.
About the Sale
Management Training and Support:Two-weeks at not cost to new onwner. Seller would like to stay-on as employee for 12 months.
Reason For Selling:Retirement
Seller Financing:$80,000 for 48 months at 8% ($1,953 per month)
KEYWORDS: Agency, Insurance, agent, auto, liability, commercial, automotive, policy, policies, independent, general, Mercury, Gainsco, Progressive, Seminole, Mendota, car, truck, van, ins, coverage,
Sell Your Business | This listing has been viewed 93 times
advertisement
 |  | ||||
| |||||
 |  | ||||
| | |
|
Current Search
Industry: Financial
Segment: Insurance Agents Next Listing: Insurance Agency est 10 years, Great MoneyMaker
Last Viewed: Auto Auction and Sales, Real Estate Included
| ||
| |
| | |
|
Recommended Resources
Sponsored Links
| ||
| |
| | |
|
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
| ||
| |
