Growing P & C Insurance Agency-Palm Beach

Business Overview:

This successful one-person agency's book of business is growing rapidly. The agency's main activities are Personal Life and Property and Casualty Insurance. The main focus is on Homeowner's insurance, which can be quite expensive in Florida. Hence, the services that this agency provides are very important to its clients. The buyer must have the 2-20 insurance exam before engaging the seller. There is a $40K franchise fee, of which $10K must be paid upfront end the remainder can be financed through the franchisor. The franchisor will issue final buyer approval and the buyer must attend a 2-week corporate training at own cost.

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Property Features and Assets:

The agency has a shared-office location model and can be relocated quite easily. It can also be run from the comfort of buyer's condo or home. Assets = $1,000

Market Competition and Expansion:

There is a 96% client retention rate in the first year of the policy renewal period and an 89% retention rate over a three year period. Adding qualified sales people and utilizing marketing venues like referral groups, internet marketing or the USPS EDDM programs can catapult this agency to very high levels of profitability.

Reason for Selling:

Due to a change in family obligations.

Additional Details:

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