Owner Financing is Available!
Business Overview:
The company is a standard personal lines property and casualty agency in the Lee County area. The agency has been in business for over two decades, currently has over 1,600 policies-in-force and obtains roughly 80% of its new business from customer referrals. The owner is selling for retirement and has trained the staff to handle much of the day-to-day business. More than half of the book of business is placed with one “A+” AM Best rated carrier, and more than 80% is written through the top three carriers/brokers. The agency is appointed with over a dozen home and auto insurance companies including Allied, Citizens, Security First, Tower Hill, Travelers and Universal P&C. The acquisition is ideal for an agency that can merge this book into an existing office or for an agency seeking a satellite office in the Lee County area. Prospective buyers will be required to sign a confidentiality/non-disclosure agreement and provide proof of funds for the down payment and necessary operating capital (estimated at $80-100k). Third party financing for the balance of the purchase is available for qualified parties. The opportunity should yield a return on investment in excess of 25% for an acquirer as well as provide access to new markets and growth opportunities.
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:
The office is located in a professional complex with a month-to-month lease at a rate of $1,200 per month.
Reason for Selling:
Retirement
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.