Existing Insurance Agency $100k/ yr in renewals

Eagan, MN
Washington County

20 Mile Radius of Eagan, MN


Asking Price: Annual Revenue:
$115,000 $100,000

Services: Financial, Accounting, Insurance


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RE: Existing Insurance Agency $100k/ yr in renewals Broker: Seller of Business
Owner Financing is Available!
Farmers Credit Union will loan up to 75% of total business value. Price is negotiable with seller.

Quick Facts

Asking Price: $115,000
Annual Revenue: $100,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 1
BBN Listing #: 879455473
Broker Reference #: Not Disclosed

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Business Overview:

Retiring from the business. Solid book of clients. No insurance experience necessary - Farmers will fully train, including having your own one-on-one experienced Trainer from the District Office. Makes $100k in a year without one new sale. Company and Trainer will assure you create, and stick to, a successful business plan and marketing program.
Opportunity to combine this agency with others to grow agency size. New agent will also have the opportunity to acquire additional books once successfully established.
Buyer/ New agent must receive MN Insurance Licenses (2 week course) and become appointed with Farmers Insurance
Farmers will need to verify buyer has a minimum of $70k in assets (401k, retirement accounts, etc) to be considered for any acquisitions. Purchase price can be in a form of a loan with approval letter.

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Property Features and Assets:

No office included, new owner will have the opportunity to open a new retail location with the assistance of Farmers Agency Business Consultants. Office must be within a 20 mile radius of Eagan, MN. Office cannot be from a residence.

Market Competition and Expansion:

District Office supplies you with a trainer for 1 on 1 training. Life & Financial Specialist to help you with those account and additional training. Commercial Specialist to help business to business sales. Marketing Specialist to help set up and continue your business' marketing. The District Office will also help you find and train future staff.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.

Relevant Links:

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