Business Overview:
This agency has $2,758,511 MM in Agency Earned Premium, Agency Income of $346,552 and over 2,300 policies in force.
This agency is almost 2 times larger than the average agency with plenty of room to grow.
The hardest part of opening an agency is building the book, this agency has already built a strong book of business.
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Property Features and Assets:
Building is 1500 sq ft. Rent is $1600 / month utilities not included. Lease is currently month to month.
Assets= $10,000
Market Competition and Expansion:
All insurance companies will always be competition. This Insurance Company is focused on the preferred market, and have recently opened their doors to the Standard market.
Cross sell
This agency has been 100% focused on Homeowners insurance for the past 3 years. They have hundreds of households that can be cross sold auto insurance, which will significantly increase agency revenue.
Retention
With an agency of this size, retention is just as important as new business. They are already higher than the state average, however making key moves to improve retention by 2% or more can greatly increase agency revenue.
Reason for Selling:
Owner plans to work with his wife in real estate
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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