$2.5 Million Premium BoB Farmers Insurance Agency
Business Description
This well-established Farmers Insurance agency presents an exceptional opportunity to acquire a proven business with $2.5 million in premium volume and nearly two decades of successful operation. Located in Iron Mountain, Michigan, this agency has built a reputation for excellence since 2005.
Business Overview:
• Premium Volume: $2.5 million book of business
• Established: 2005 (19 years of operation)
• Location: 800 square feet in Iron Mountain, MI
• Asking Price: $450,000
• Financing Available: Bank referral covering 90% of purchase price
Key Strengths:
• Extremely high client retention rate demonstrating strong customer relationships
• Nearly two decades of established market presence and brand recognition
• Stable, recurring revenue model with predictable cash flow
• Proven track record of consistent performance over multiple market cycles
• Benefits from the strength and stability of Farmers Insurance brand
• Established systems and processes refined over 19 years of operation
Comprehensive Support Package:
With a Top-Level District Manager, new owners receive structured onboarding, hands-on training, ongoing consulting, mentorship, and performance reviews. This ensures smooth transition and continued success in the insurance industry.
The current owner is retiring after building this successful agency over nearly two decades. The agency's exceptional retention rates reflect the quality of service and strong client relationships that have been cultivated over the years.
This represents an ideal opportunity for an experienced insurance professional to acquire a stable, profitable agency with established market presence in Iron Mountain and surrounding Dickinson County area.
Business Overview:
• Premium Volume: $2.5 million book of business
• Established: 2005 (19 years of operation)
• Location: 800 square feet in Iron Mountain, MI
• Asking Price: $450,000
• Financing Available: Bank referral covering 90% of purchase price
Key Strengths:
• Extremely high client retention rate demonstrating strong customer relationships
• Nearly two decades of established market presence and brand recognition
• Stable, recurring revenue model with predictable cash flow
• Proven track record of consistent performance over multiple market cycles
• Benefits from the strength and stability of Farmers Insurance brand
• Established systems and processes refined over 19 years of operation
Comprehensive Support Package:
With a Top-Level District Manager, new owners receive structured onboarding, hands-on training, ongoing consulting, mentorship, and performance reviews. This ensures smooth transition and continued success in the insurance industry.
The current owner is retiring after building this successful agency over nearly two decades. The agency's exceptional retention rates reflect the quality of service and strong client relationships that have been cultivated over the years.
This represents an ideal opportunity for an experienced insurance professional to acquire a stable, profitable agency with established market presence in Iron Mountain and surrounding Dickinson County area.
About the Business
- Years in Operation
- 21
- Employees
- 1 Full-time
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- With a Top-Level District Manager with Farmers Insurance, our office is dedicated to providing comprehensive support to new agents and team members. From your very first day, we will guide you through a structured onboarding process that ensures you understand our systems, tools, and company culture. We provide hands-on training sessions to equip you with the knowledge and skills necessary for success in the insurance industry. Beyond the initial onboarding phase, we remain an active partner in your professional journey, offering ongoing consulting, mentorship, and performance reviews. Our goal is to help you grow your business, meet your production targets, and develop into a confident, knowledgeable representative of Farmers Insurance.
- Financing Options
- Bank Referral available for 90% of the total cost
Listing Info
- ID
- 2489452
- Listing Views
- 30
Listing ID: 2489452 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleMichigan Businesses for SaleMichigan Financial Businesses for SaleMichigan Insurance Agents Businesses for Sale


