Farmers Insurance Agency in Western Twin Cities

Not Disclosed, MN
Hennepin County


Asking Price: Annual Revenue:
$235,000 $151,858

Services: Financial, Accounting, Insurance


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RE: Farmers Insurance Agency in Western Twin Cities Broker: Dan Huber
Owner Financing is Available!
$23,500.00

Quick Facts

Asking Price: $235,000
Annual Revenue: $151,858
Net Profit: Not Disclosed
Cash Flow: $117,507
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: Not Disclosed
BBN Listing #: 263750297
Broker Reference #: 17441-711873

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Business Overview:

The agent has been part of the community for over 30 years and will work with the new agent/owner to transfer clients and build relationships. This agency has been providing excellent personal service which is reflected in their excellent client retention rate and excellent client claims history.
The new owner of this agency will be able to spend time growing and working on the business, marketing to current clients and new prospects on day one.

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Property Features and Assets:

This office will need to be relocated.

Market Competition and Expansion:

There is competition in the insurance and financial services industry. The new owner of this agency will start with a strong client base and the ability to sell new lines of business to existing clients. In addition, there is an existing database of qualified prospects to sell all lines of service too. Potential Growth There is excellent growth potential; by selling to existing customers and tapping into Farmers national branding and marketing program.

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 is not a franchise resale opportunity.

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