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Business For Sale
INSURANCE AGENCY - INDEPENDENT
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Asking Price: |
$1,000,000
USD USA Dollars
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Business for Sale Industry: |
Services: Financial, Accounting, Insurance
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Reason for Selling:
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Retirement |
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Year Established:
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20 plus |
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# of Employees:
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5 |
Business for Sale Overview:
This particular independent insurance agency works hard to earn their customer’s loyalty with outstanding service and the best possible rate. A decades old agency offering a wide variety of services and reaching client base of up to a 100 mile radius of Mobile is a rare find. And now this opportunity is available to a qualified buyer only because of the retirement of the owner. This firm has built a solid reputation over decades by exceeding customer expectations. Property and casualty is a mix of approximately 50%; Standard versus Sub-Standard is also about a 50% mix. Commercial policies represent a large portion of business. Operating as an independent insurance agency with a staff of 5, this agency is poised to profit from the enormous growth expected in Mobile over the next several years. Moody’s Research Group recently predicted that the Mobile economy would have the fastest growth rate over the next five years of all 363 metro areas in America! Additionally, Mobile was named by Entrepreneur Magazine as the number one city in the U.S. to start or grow a business. The groundbreaking for the largest steel processing plant in the history of this country was recently held in Mobile County, and the steel company will employ 29,000 workers for a 5 year period in the construction phase. And other new industrial development announcements are being made monthly. It is an exciting time to be in Mobile. There is no recession here!
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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