Owner Financing is Available!
Business Overview:
Established agency providing services to the Northwest San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,800 policies in place. The business generated approximately $230k in commissions last year with an 82% retention rate. There is $222k in transferable equity in the book of business, which can assist in lending. Currently there are 3 binding agents not including the owner.
This is a perfect opportunity for someone to get into the insurance industry or if relocating this is an excellent book of business to build from. You should have or be willing to obtain P&C, Group-1 Life & Health licenses, and Series 6 & 63 licenses (within first two years). Office has been recently updated to the new Allstate branding retail environment.
The owner is willing to train the new owner for a smooth transition and there are several employees in place for continuity. Owner willing to sign a meaningful non-compete. Business could be acquired with as little as 10% down with insurance experience, primarily 3 years of P&C
experience. Existing lender willing to speak with the new potential owner about lending again on the book of business.
This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Doug Scheiding.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
785 square feet building.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.