Become a Farmers Insurance Agency Owner!

Millbrae, CA
San Mateo County


Asking Price: Annual Revenue:
$200,000 $130,656

Services: Financial, Accounting, Insurance


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RE: Become a Farmers Insurance Agency Owner! Broker: Rick Carlson
License #: 01820673

Quick Facts

Asking Price: $200,000
Annual Revenue: $130,656
Net Profit: Not Disclosed
Cash Flow: $81,614
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 2
BBN Listing #: 33927574
Broker Reference #: 859 Insurance

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Business Overview:

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.

If you’re an entrepreneur looking to start your very first insurance agency, becoming a Farmers insurance agent by purchasing a starter book of business is one of the most exciting business investments you can make. 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 1100 policies in force, very high retention, with a mix of preferred personal auto, fire, life, some non-standard auto, and a growing 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Facilities: Approximately 950 square feet office, current rent is $1,751 per month. Near popular restaurants, shops, and affluent neighborhoods. Parking is plentiful.

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. Continue current marketing campaigns to grow commercial book and utilize the many marketing resources available to you through Farmers.

Reason for Selling:

Relocating

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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