Insurance Agency for Sale

Millbrae, CA (San Mateo County)

Insurance Agency for Sale
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Asking Price: $149,000

Cash Flow: $60,000

Gross Revenue: $105,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Insurance Agency for Sale

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Business Description

Motivated Seller - Great Opportunity to Own Your Own Agency

Excellent Farmers Insurance agency for sale. The owner is looking to relocate. The book consists of approximately 900 policies; mostly home and auto policies. This will be a great start to owning your own insurance agency. There are bonus opportunities in addition to the service commissions.
The buyer will have access to Farmers Insurance expanded line of products; including Home, Auto, Life, Business, Specialty, Financial Services (must have securities license series 6 or 7).
The candidate will need to have or able to obtain Property & Casualty and Life & Accident & Health licenses. Verification of at least $50,000 in assets and pass a background check.

Detailed Information

Location:
Millbrae, CA
Employees:
1
Facilities:
The buyer could take over the current lease. The buyer could also set up a new office. Farmers Insurance provides up to $6,000 New office bonus for exterior signage.
Growth & Expansion:
The cash flow stated represents only service/renewal commissions. The total annual revenue will also include new business commissions and bonuses.
Financing:
The buyer will have access to the Farmers Credit Union for financing.
Support & Training:
Full training and support from the District Office and Farmers Insurance corporate training through the University of Farmers. There is a $5k signing bonus. Exterior branding bonus of up to $6,000 to get the new office branded, and a $300-$500 monthly marketing bonus.
Reason for Selling:
Relocation
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Business Listed By:
Ray Mizrachi

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Ad#:1800657

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