Farmers Insurance Agency – San Carlos, CA | $3.2M Book | $235K Rev
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This is a rare opportunity to acquire a high-retention, established Farmers Insurance agency in San Carlos, California with a $3.2M premium book and $235K annual revenue (~$20K/month). Priced aggressively at $280,000 for a fast sale.
This is a plug-and-play operation ideal for:
* Owner-operators ready to step into immediate cash flow
* Investors/entrepreneurs looking to install a manager and scale
* Existing agency owners wanting to expand footprint in the Bay Area
Key Highlights:
*$3.2M Book of Business
*$235K Annual Revenue (~$20K/month)
*Strong 85% Retention
*Established Chinese Client Base (significant growth opportunity with bilingual marketing)
* Located in high-income San Mateo County (San Carlos, CA)
* Proven systems and infrastructure in place
* Motivated seller – willing to support a smooth transition
Growth Opportunities:
* Expand life and commercial lines penetration
* Build a bilingual sales team to maximize the existing demographic advantage
* Leverage digital marketing + referral programs to scale rapidly
* Add Producers or plug into a remote sales model to grow beyond local footprint
Buyer Requirements:
* Minimum $100,000 liquid capital (bank statement required)
* Must pass background check
* NDA required prior to release of sensitive financials
Acceptable Capital Sources:
* Cash / Savings
* Roth IRA, stocks, investment accounts
* Home equity lines of credit (HELOC)
Not Eligible:
* Traditional 401(k), IRA distributions, or cryptocurrency
Why This Deal?
* Below-market price for size and cash flow
* Immediate income with upside to scale to $5M+ book
* Flexible ownership model (operator or investor-led)
* Seller support reduces transition risk
*Serious inquiries only. Opportunities like this in the Bay Area move fast.
Submit proof of funds and NDA request to receive full financials and next steps.
UNIQUE ADVANTAGE (HIDDEN VALUE)
Predominantly Chinese client base
- Massive upside for a bilingual operator or team
- Untapped cross-sell (life, commercial, umbrella)
- Strong referral network already in place
This is a plug-and-play operation ideal for:
* Owner-operators ready to step into immediate cash flow
* Investors/entrepreneurs looking to install a manager and scale
* Existing agency owners wanting to expand footprint in the Bay Area
Key Highlights:
*$3.2M Book of Business
*$235K Annual Revenue (~$20K/month)
*Strong 85% Retention
*Established Chinese Client Base (significant growth opportunity with bilingual marketing)
* Located in high-income San Mateo County (San Carlos, CA)
* Proven systems and infrastructure in place
* Motivated seller – willing to support a smooth transition
Growth Opportunities:
* Expand life and commercial lines penetration
* Build a bilingual sales team to maximize the existing demographic advantage
* Leverage digital marketing + referral programs to scale rapidly
* Add Producers or plug into a remote sales model to grow beyond local footprint
Buyer Requirements:
* Minimum $100,000 liquid capital (bank statement required)
* Must pass background check
* NDA required prior to release of sensitive financials
Acceptable Capital Sources:
* Cash / Savings
* Roth IRA, stocks, investment accounts
* Home equity lines of credit (HELOC)
Not Eligible:
* Traditional 401(k), IRA distributions, or cryptocurrency
Why This Deal?
* Below-market price for size and cash flow
* Immediate income with upside to scale to $5M+ book
* Flexible ownership model (operator or investor-led)
* Seller support reduces transition risk
*Serious inquiries only. Opportunities like this in the Bay Area move fast.
Submit proof of funds and NDA request to receive full financials and next steps.
UNIQUE ADVANTAGE (HIDDEN VALUE)
Predominantly Chinese client base
- Massive upside for a bilingual operator or team
- Untapped cross-sell (life, commercial, umbrella)
- Strong referral network already in place
About the Business
- Years in Operation
- 26
- Employees
- 2 (1 Full-time, 1 Part-time)
New owner needs to hire at least 2 licensed staff - Franchise
- This business is an established franchise
- Facilities & Assets
- The sale comes with client files and some computers
- Market Outlook / Competition
- Located in San Carlos, this agency benefits from strong demographics, high insurance demand, and excellent retention. Farmers is the 4th fastest-growing multiline carrier and is expanding in San Carlos. The ability to broker outside carriers provides added flexibility and competitiveness.
- Opportunities for Growth
- Significant growth potential in San Carlos through cross-selling, digital marketing, lead generation, and adding producers. You can broker personal and commercial lines through multiple carriers, write business in other states, and acquire additional agencies as they become available.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 800
- Rent
- $2,000.00 per month
- Lease Expiration
- 10/31/2026
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The seller will assist with a smooth transition, including client introductions, retention strategies, and operational guidance. You’ll also receive full onboarding through the University of Farmers, coaching from a Presidents Council district, and ongoing support to ensure a confident and successful launch in San Carlos.
- Financing Options
- Several options including SBA
Listing Info
- ID
- 2501910
- Listing Views
- 59
Listing ID: 2501910 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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