Independent Insurance Agency in Springfield MO

Springfield, MO
Greene County

Located on Major City Street in Town

Asking Price: Annual Revenue:
$37,500 $1,000

Services: Financial, Accounting, Insurance

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RE: Independent Insurance Agency in Springfield MO Broker: Jerry Myers

Quick Facts

Asking Price: $37,500
Annual Revenue: $1,000
Net Profit: Not Disclosed
Cash Flow: $10
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2021
Employees: Not Disclosed
BBN Listing #: 893634791
Broker Reference #: 42500011

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Business Overview:

This independent insurance agency office is part of a franchise and was purchased in January 2021 by the seller who has many years experience as an insurance agent. He purchased it with the intent of replacing his lost income from another profession he was in that had been impacted by Covid. Shortly after he purchased the agency, the industry he had been working in opened back up and he was able to resume his previous employment, so there have been virtually no policies issued through this office.

The business leases a 500 sf office space in a professional building on one of the busiest streets in Springfield, Missouri.

The agency has insurance carriers for both property and casualty and health and life and is one of the fastest growing insurance agency franchises in the U.S., currently with over 150 offices. Carriers include Nationwide, Travelers, Safeco, Progressive, and many others.

The seller says someone buying a new franchise from this franchisor would have to pay $50,000 for one in the state of Missouri. In addition to the price of the business, the buyer would also have to pay a $5,000 transfer fee to the franchisor, according to the seller. The transfer fee pays for the buyer's extensive training by the franchisor. In addition, the seller is willing to assist a buyer in any way possible.

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Property Features and Assets:

The business leases 500 sf of office space in a professional building on one of the busiest streets in Springfield, MO.

Market Competition and Expansion:

There is normal competition in the area. A buyer could generate substantial revenue through this agency. In addition, the franchisor will sell additional locations at a reduced price for current franchisees.

Reason for Selling:

Seller has changed careers

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 a franchise resale opportunity.

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