VIRGINIA BEACH, Virginia
| Asking Price |
$949,000 |
Year Established |
2016 |
|
| Annual Revenue |
$5,275,000 |
Reason for Selling |
Career path change |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$0 |
Listing Number |
1018941 |
|
| # 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 Virginia Beach, VA based insurance agency with a business book of $5.275 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 loyal customer base. Excellent training and licensing program. No insurance experience necessary. SBA loan funding sources are available. SBA loans and other lenders can provide 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 for 2027 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. Agency owners are 100% vested in the equity of the business and have two strategic exit strategy options when they decide to sell the agency.
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>Virginia Beach has a diverse and resilient local business economy and it is ranked number 3 in the nation for small businesses by the Diverse Chamber of Commerce and Industry. Major pillars of the local economy include; Tourism and Hospitality, Defense and Military, Technology and Digital Connectivity and Manufacturing and Agribusiness.</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