CHINO, California
| Asking Price |
$375,000 |
Year Established |
2003 |
|
| Annual Revenue |
$265,000 |
Reason for Selling |
The Seller is starting a career in financial planning and wealth advisory services. |
|
| Annual P/L |
$0 |
Attention |
Rick Carlson |
|
| Annual Cash Flow |
$172,332 |
Listing Number |
1007606 |
|
| # of Employees |
2 |
Business Category |
Services: Financial, Accounting, 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.
Property Features and Assets:
<p> 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.<br></p>
Market Competition and Expansion:
<p>Competition: Despite some upheaval in the California marketplace, Farmer’s is a respected name, and clients are loyal.<br><br>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.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity