Business For Sale

Well-Seasoned Personal & Commercial Lines Farmers

San Diego, CA
San Diego County

Asking Price: Annual Revenue:
$2,800,000 $1,232,000

Services: Financial, Accounting, Insurance

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RE: Well-Seasoned Personal & Commercial Lines Farmers Broker: Rick Carlson

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $1,232,000
Net Profit: Not Disclosed
Cash Flow: $651,821
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 8
BBN Listing #: 686127574
Broker Reference #: 754 Farmers

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Business Overview:

Excellent opportunity to acquire a Farmers Insurance Agency with outside commercial appointments - over 6,700 well-seasoned policies, approximately 19% of those are commercial policies through MGAs. This agency is well-staffed with CSR and licensed producers who take care of the current book of business while bringing in new clients. Seller is looking to pursue unrelated business interests and desires to sell to a qualified Buyer who will keep the agency intact. Buyer must qualify with Farmers Insurance to successfully purchase this business. NDA is required for first round due diligence package.

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Property Features and Assets:

Facilities: Very well placed and attractively furnished office near Del Mar in San Diego County. Approximately 2,300 square feet, easy access, and plenty of free parking in busy shopping center.

Market Competition and Expansion:

Competition: The Seller has taken good care of the client base and established a solid reputation for his agency. Strong renewal & retention rates. Growth & Expansion: Primarily a renewal book. Current production staff and marketing efforts bring in a steady flow of new business for sustainable growth. Cross-selling opportunities exist for financial services or health insurance.

Reason for Selling:

Other business interests.

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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