Business Overview:
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.
If you are an entrepreneur looking to start your very first insurance agency, becoming a Farmers insurance agent by purchasing a starter book of business is a great way to get started. Own your business while being associated with a premier brand and corporation offering support and training to help you with your success.
Agency is profitable with over 1,000 policies in force, high retention, with a mix of preferred personal auto, fire, life, some non-standard auto, and a small commercial book. Well-located and well-appointed office makes for a turnkey transition. New owner may stay in current office or relocate. Perfect opportunity for a brand-new agent. Must be licensed or close to completing licensing in California.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
Facilities: Approximately 300 Square Feet office, current rent is $1,350 per month. In a conveniently located historic building. Parking is plentiful.
Support & Training: Extensive training provided by Farmers. Seller will provide 2 weeks of training.
Financing: Bank Financing or Cash.
Market Competition and Expansion:
Competition: The insurance industry competitive landscape is highly fragmented. Provide a high level of customer service and consistent marketing efforts to succeed in this marketplace.
Growth & Expansion: Primarily a renewal book with online self-service available for current customers. Utilize any of the the many marketing resources available to you through Farmers to grow the book.
Reason for Selling:
Family needs.
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.
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