Farmers Insurance Agency in LA/OC area

Los Angeles County, CA

GROW WITH FARMERS!
Contact Seller

Asking Price: $65,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: 2017

Farmers Insurance Agency in LA/OC area

Save Print Share Valuation Report

Business Description

Farmers Insurance Agency For Sale- Los Angeles

We have an established turn-key agency in the LA/OC metro area which currently total approximately 680 policies in force as of October 2020. (Approx. 82k in yearly commission renewals last year) The agency is located in Whittier but can be relocated to any office location you desire within the LA/OC area. The existent office location and customer service representative can be part of the deal. The agent is retiring and leaving the insurance industry. Sale price is TBD but most likely be in the 60k range. Price is totally negotiable between agent and buyer, Farmers does not get involved in selling price. This is an excellent opportunity for a candidate who wants to cross-sell this mainly personal lines books of business as well as take advantage of our lucrative start-up bonuses as well as 6 quarters of 1.8x higher commissions, see below for additional information.

Looking to acquire a bigger or smaller book of business? We will have more agencies for sale during the first quarter of 2021.

The requirements are as follow:

Satisfactory results of background check
Property & Casualty License
Life, Accident & Health License
Minimum of $50,000 in assets (can be a combination of liquid, credit lines, and retirement plans such as 401k and IRA's) THIS IS NOT MONEY PAID TO FARMERS, IT IS A REQUIREMENT AS PROOF OF CAPITALIZED AND FINANCIALLY RESPONSIBLE CANDIDATES
Compliant office location (will need corporate approval) and 2 licensed and appointed staff/employee

Start up incentives include:

Book qualifies for a 6 quarter bonus structure starting at a 1.8x new business commission multiplier (paid monthly)
Additional quarterly bonuses
One time $5,000 office startup bonus plus an additional $6,000 in signage/branding credit
$300/month in marketing dollars for the first year
District paid trips/vacations and much more

If taking over an existing book of business is not for you, we also have our retail program with attractive commission bonuses (3x on top of normal commissions) tailored for candidates that have a successful track record in financial services, sales, or networking and are ready to hit the ground running. This is the most lucrative scratch program in the business.

CONTACT INFO:

Any questions, concerns, or requests for additional information you may contact Steve Garcia or Roy Corral at the Farmers District Office. 562-622-0062 steve.rcorral@farmersagency.com

Detailed Information

Location:
Los Angeles County, CA
Employees:
1
Facilities:
Office location, furniture, equipment and customer service rep can be part of the deal for a turn-key operation.
Financing:
100% financing options available from our Farmers Insurance Federal Credit Union
Support & Training:
While working with our team, you receive extensive sales training, product training, and support throughout your career. Our dedicated team helps to coach you through your start-up, by providing support from Product Specialists, Business Consultants, Marketing Managers, in addition to the District Manager and the Southern California Territory team
Reason for Selling:
Agent is retiring
Business Website:
http://recruitment.farmers.com/district-manager-locator/ca/downey/rogelio-corra
Contact Seller

Contact the Seller

Contact Seller Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Policy


Business Listed By:
Steve Garcia/ Roy Corral

Report an issue with this listing

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1535876

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


G.I. Tax

Franchise Opportunity
Cash Required: $40,000