Insurance and Financial Service Agency

Granville, OH (Licking County)

Insurance and Financial Service Agency

Asking Price:$60,000

Cash Flow:$27,000

Gross Revenue:$270,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2014

Insurance and Financial Service Agency

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Business Description

Newer Insurance and Financial Services Agency with excellent location right off freeway. Plenty of room for more sales people. Currently set up to have 8 people in the office at any time with a conference room. Conference room could house up to 3 more desks if needed. It is around 900 sq ft. I customized everything for our needs. Has a nice size parking lot with another parking lot adjacent to our lot. Very clean and safe area. Only 15 minutes from 270 (Columbus) 7 minutes to New Albany. 5 minutes to Newark.

The current gross premium/gross revenue is just under $300k.
The size of this book qualifies for Allstate's Enhanced Compensation Package on new written business. To maximize or leverage these enhancements the new owner will need capital to hire a full team of producers and capital to supply his/her employees with leads.

Prior business ownership or business management experience is critical to being successful. In addition, Allstate is more likely to qualify a buyer who has experience in recruiting and building a team of sales professionals and also has proven experience with driving production from a sales team.

Detailed Information

Real Estate:
Leased
Building SF:
900
Lease Expiration:
N/A
Employees:
1
Facilities:
Plenty of room for more sales people. Currently set up to have 8 people in the office at any time with a conference room. Conference room could house up to 3 more desks if needed. It is around 900 sq ft. I customized everything for our needs. Has a nice size parking lot with another parking lot adjacent to our lot. Very clean and safe area. Only 15 minutes from 270 (Columbus) 7 minutes to New Albany. 5 minutes to Newark.
Competition:
Insurance is a competitive sport! The plus side is that its a mandated product and you will not run out of customers.
Growth & Expansion:
Cross-Selling opportunity between protective and financial services. A lot of potential in Licking and surrounding areas. This will be a turn key operation with everything set up for growth. Cons you only have 1 sales person on staff and will be required to hire 2 to 3 additional staff members. You will need them if you are planning on slaying the enhanced compensation package as it is set up to be immensely profitable provided that you have the staff in place to capitalize on it.
Support & Training:
Free 5 to 8 week training program for new owner with a $5k to $7k education completion bonus paid out Month 1! Staff completes a shorter producer training course for free and will be required to complete prior to your official opening date.
Reason for Selling:
looking to focus on Financial Planning as a CFP for an RIA firm.
Franchise:
This business is an established franchise

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Lynne Mills

Business Listed By:
Lynne Mills

Vincent P. Nesci, Esq.

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Sponsoring Broker:
Vincent P. Nesci, Esq.

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