SYRACUSE, New York
| Asking Price |
$975,000 |
Year Established |
2017 |
|
| Annual Revenue |
$6,200,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$0 |
Listing Number |
1014079 |
|
| # of Employees |
4 |
Business Category |
Services: Financial, Accounting, Insurance |
|
Business Overview:
Established and highly regarded as one of the top national coverage insurance firms, this Syracuse, New York based insurance agency with a business book of $6.2 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 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 increased Gross Revenues and cash-flow for 2026 and beyond.
PLEASE NOTE - This agency must be operated under the brand name of this national 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. The business currently has a 90.0%+ customer retention ratio.<br></p>
Market Competition and Expansion:
<p>Syracuse's local economy is heavily anchored by the education and healthcare sectors. It is currently undergoing a massive transitional boom driven by the newly established Micron Semiconductor plant. The economy is transitioning from its historic manufacturing base into high-tech, service oriented and consumer driven markets.</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