Established Farmers Insurance Agency

Asking Price$550,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$355,000

InventoryNot Disclosed

FF&E$3,500
Included in asking price
listing imageSave

Established Farmers Insurance Agency


Asking Price$550,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$355,000

InventoryNot Disclosed

FF&E$3,500
Included in asking price

Seller Financing Available
Business Description
Are you looking to get into a recession proof business with a stable revenue stream? We have an excellent opportunity for someone to take over an established Farmers Insurance agency in Montrose, CO. We are looking for someone who wants to take control of their life and financial future and become an agency owner with Farmers Insurance. We have seen people from all backgrounds do very well in this industry and a large portion of that is due to the training and support we provide.
This agency is part of Farmers Insurance Team 50, that has 32 Farmers Insurance storefronts in the mountains and Western Slope of Colorado. The district support team includes business consultants and trainers that help you onboard to agency ownership and support your operation moving forward. We like to say that "you are in business for yourself, but not by yourself".
We work with you as your business partner and not your "manager" or "boss". This is a great opportunity for a motivated individual who is looking to purchase a small business and build a legacy for themselves and their family. The agency ownership opportunity provides new business commissions, service commissions and multiple bonus opportunities.
About the Business
Years in Operation
50
Employees
3 Full-time
Franchise
This business is an established Farmers Insurance Agency franchise
Facilities & Assets
Existing office location is available, including physical building and all office furniture and signage.
Website
https://agents.farmers.com/co/montrose/kaleb-peters/
Market Outlook / Competition
Prime location with large opportunity to grow market share on the Western Slope.
Opportunities for Growth
There is great opportunity for growth in Montrose County through Auto, Home, Life, Business and Specialty Insurance. The agency owner also has the opportunity to sell Financial Services, through Farmers Financial Solutions. Farmers agents can also write insurance business through Bristol West and Foremost insurance companies. Our contract allows our agents to write business outside Farmers as well, which is a unique aspect to our Exclusive Agent contract.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,500
Rent
$2,100.00 per month
Lease Expiration
4/1/2030
About the Sale
Seller Motivation
Transitioning to a different role within Farmers Insurance.
Transition Support
Farmers Insurance is recognized by Corporate Exchange USA & Training Magazine as the #1 Corporate Training Program in America. You also have the support from the district team, which has a combined 50+ years experience in the insurance industry. Team 50 has a culture of "Agents helping Agents", so you also have support from existing agency owners and their teams.
Financing Options
Financing available for qualified individuals
Listing Info
ID
2487929
Listing Views
15

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Business Listed by: Korby Peters

Listing ID: 2487929 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.


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