Listing Details:

  • Business Category:          Insurance
  • Price:                                         $ 690,000
  • Gross Revenue:                   $ 284,559
  • SDE:                                            $ 211,528
  • Location:                                  East Metro / Twin Cities    
  • Employees:                             2
  • FF&E:                                          $1,000
  • Support & Training:           8 weeks 
  • Reason for Selling:             Retirement
  • Non Compete:                      50 miles for 5 years 
  • Years Owned:                       Since 1985; 36 years

Business Description:

The owner has been part of the community for over 30 years and will work with the new agent/owner to transfer clients and build relationships. This agency has been providing excellent personal service which is reflected in their excellent client retention rate and excellent client claims history. This agency also has a fully licensed and professional staff in place to service current and new clients. The current owner is will to stay on with the new owner as a consultant and part time sales person.

Award's and Organizations;

  1. Championship 2013
  2. Farmers’ Agency Marketing Program, but mostly leads come from referral
  3. Certified Insurance Councilor (CIC) since 1998

Competition:

There is competition in the insurance and financial services industry. The new owner of this agency will start with a strong client base and the ability to sell new lines of business to existing clients. In addition, there is an existing database of qualified prospects to sell all lines of service too.

 



 

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