WEST PALM BEACH, Florida
| Asking Price |
$1,200,000 |
Year Established |
2016 |
|
| Annual Revenue |
$3,200,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Joshua Sagman |
|
| Annual Cash Flow |
$603,000 |
Listing Number |
987057 |
|
| # of Employees |
2 |
Business Category |
Services: Financial, Accounting, Insurance |
|
Business Overview:
This is a well-established and highly profitable franchise known as the local go-to destination for auto insurance and expedited DMV services. Operated by a husband-and-wife team with a strong reputation and a consistent customer base, this business generates over $600,000 in net profit annually. Revenue comes from two main sources: auto insurance sales and high-demand DMV services, including next-day tags, new registrations and renewals, title transfers, temporary tags, handicap placards, and more. The business primarily serves a Latin market, benefiting from strong community ties and a steady stream of repeat customers. With no employees, overhead costs remain low, maximizing profitability and simplifying operations. This is a turnkey business with strong cash flow and a loyal client base. There is also significant room for growth, as the franchisor allows additional revenue streams like life insurance, homeowners insurance, and tax services, which the current owners have not yet begun offering. This opportunity is ideal for an insurance professional with a Florida 2-20 General Lines Agent License who is looking to take over a well-established, recession-resistant business with built-in expansion potential.
Property Features and Assets:
Market Competition and Expansion:
<p>The business operates in a competitive market, facing both large national carriers and local agencies offering similar services such as auto, homeowners, and business insurance. However, it differentiates itself by providing highly personalized service, flexible coverage options, and a strong focus on serving diverse communities, including Spanish-speaking clients. Its ability to offer not only insurance but also tax services give it a competitive edge, allowing the company to address a broader range of customer needs in a single, trusted provider.<br></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 a franchise resale opportunity