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- RE: High-Potential Consistent-Performing Farmer’s Book
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $375,000 | |
| Annual Revenue: | $265,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $172,332 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 2 | |
| BBN Listing #: | 1007606 | |
| Broker Reference #: | 1479 INSURANCE |
Business Overview:
This 20-year-established Farmer’s agency boasts a diverse, 100% owner-operated book of business. With a history of smooth integration and high client loyalty, it provides a reliable, plug-and-play platform for a new operator.
Do not inquire further if you do not have a Farmer’s appointment.
The 1,163 policies have averaged $23,500 in monthly commission over the past 4 years. 353 policies are Auto, 670 are Fire/Home,with around 50/90 for Commercial and Life. Details in the CIM.
The client portfolio primarily consists of middle-aged households and business owners with multiple insured assets. These clients tend to value professional advice and service quality over price-shopping, which supports retention and policy longevity.
A Buyer MUST have sufficient financial credentials to qualify and a Farmers appointment in good standing. Additionally, a Farmer’s representative must approve a sale, and the potential buyer must meet Farmer’s financial guidelines as outlined in the CIM.
One full-time CSR/Producer and one part-time CSR, earning a total of $7,000 per month, round out the staff.
Operating Expenses are a lean 600/month (utilities, internet, and insurance).
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
The 600-square-foot commercial/office space rents for $1,500/month (below market) with a fixed 3% annual escalation. The lease is fully transferable via a strong landlord relationship.
Market Competition and Expansion:
Competition: Despite some upheaval in the California marketplace, Farmer’s is a respected name, and clients are loyal.
Growth & Expansion: By integrating these policies into their operations, a buyer can quickly expand market share and revenue and potentially qualify for higher bonuses. Increasing the development and conversion of carrier-provided internal leads and expanding referral relationships would also spur growth.
Reason for Selling:
The Seller is starting a career in financial planning and wealth advisory services. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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