BARRINGTON, Illinois
| Asking Price |
$1,150,000 |
Year Established |
2014 |
|
| Annual Revenue |
$6,000,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Steve |
|
| Annual Cash Flow |
$0 |
Listing Number |
1008827 |
|
| # of Employees |
|
Business Category |
Services: Financial, Accounting, Insurance |
|
Business Overview:
Established and highly regarded as one of the top nationwide insurance firms, this North Barrington, Illinois based insurance agency with a business book of $6.0 million in recurring policy premium renewals is currently for sale. Includes a professional office location, fully trained staff, office equipment, office furniture, computers, office supplies, Marketing materials, company signage and a very significant and loyal (high retention rate) customer base. Excellent training and licensing program. No insurance experience necessary. SBA and Bank loan funding sources are available. Seller may be willing to offer partial financing to the incoming buyer. With the current high commission incentives paid on new business policies and the lucrative annual bonus opportunities, this office has the potential to generate significantly increased Gross Revenues for 2026 and beyond.
PLEASE NOTE - This agency must be operated under the brand name of this nationwide insurance firm and cannot be combined with any other brand of independent or captive insurance business. Also, it cannot be acquired into an investment manager's portfolio of businesses. Purchase of this insurance agency requires the buyer to be onsite at the office location and reside in or near the local community.
Property Features and Assets:
<p>All assets are included in the asking price; office furniture, office equipment, computers, office supplies, Marketing materials, brand signage and a loyal customer base to provide referrals with and help you grow your business and income.<br></p>
Market Competition and Expansion:
<p>North Barrington is a high-income residential focused local economy characterized by the affluent, low density housing within multiple upscale neighborhoods. Residents have substantial assets that must be insured as well as multiple vehicles, swimming pools, boats and other remote vacation lifestyle belongings.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity