$2.2 Million Farmers Agency selling for $515,000! Murfreesboro, TN

Murfreesboro, TN (Rutherford County)

Turnkey $2.2 Millon Earned Premium!
Contact Seller

Asking Price: $515,000

Cash Flow: N/A

Gross Revenue: $240,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,250 /Month

Established: 2016

$2.2 Million Farmers Agency selling for $515,000! Murfreesboro, TN

Save Print Share Valuation Report

Business Description

Company: Farmers
City/State: Murfreesboro, TN
County: Rutherford County
Location Available: Yes
Rent/Lease Terms: Month to Month
Rent/Lease Rate: $1250 Monthly
F&E Available: Yes. All furniture, equipment, computers, phones, etc., will convey with sale.
Years in business: 3
Location Photos: Available on request
Current Agency Staffing: Currently three professional Staff. 1 Fulltime CSR with 12 years’ experience (AINS, CISR, Notary) 1 Producer/Manager, 1 Part time marketer/office support (15-18 hours a week).

FINANCIAL
Asking Price: $515,000
Annual New/Renewal Revenues: $241,000 (Excluding Bonus and Incentive Compensation)
Earned Premium: $2.2 Million (Merger Acquisition with three combined Agencies)
Bank Financing Available: Yes
Seller Financing Available: No
Detailed Financial Reports: Available on request
GENERAL INFORMATION
This is a model Farmers Agency selling as a completely “turnkey” operation. Professional well trained Staff! Established location in the desirable Murfreesboro, TN market area. This $2.1 M earned premium Farmers agency consist several merged agencies with a preferred auto/homeowner customer base with excellent opportunity for continued growth in cross sales as well as life/financial services. Excellent potential to increase revenues through new & renewal commissions as well as performance bonus based on growth, profitability, retention, etc. Customer loyalty ratings are above the State average having shown continued improvement over the last three years. Experienced, licensed staff are open to transition with the sale while the current owner is open to a transitionary consulting role if desired.

FOR MORE INFORMATION ON THIS LISTING, PLEASE CONTACT:

Energia Consulting Partners, LLC
Kirk Price 205-369-9595 Kirk@EnergiaPartners.com

Detailed Information

Location:
Murfreesboro, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
3
Facilities:
Hours of operation are 8:30am - 5:30pm Monday-Friday (Saturday by appt only). Current location is in a upscale business office on the first floor with a front door coming in from the parking lot. Currently the rent is for 2 offices and the conference room is shared (rarely used except by Agency). There is room for expansion and the landlord is one of the Agency's largest customers. The rent is $1250 a month, on a month to month at this time. Utilities are included. I use Comcast for our phone/cable system it average $200 a month. I lease a printer but that can be cancelled and returned.
Competition:
Auto is very competitive when bundling with Home (20% Discount). Very competitive in Home and Commercial. Farmers management can provide more detailed market analysis.
Growth & Expansion:
Based on the current rate stabilization on home and auto with Farmers, retention will continue to improve as long as the customer service level remains excellent. This Agency is well positioned for aggressive growth, and the new bonus program reduces the number of qualifiers previously in place. Bonus potential offers a maximum 35% bonus on all NB and Renewal revenue per month. The realistic growth goal currently in place is $200K which will yield approximately 15% in bonus. The Agency has partnered with Cole X for leads and have implemented a more aggressive cold calling program to customers with upcoming renewals on their homeowners policies. A plan is in place to remain consistent in our proactive service and growth rates.
Support & Training:
Farmers University as well as On Boarding and Agency Establishment Specialists who work in agency during the initial start up period.
Reason for Selling:
Agent was in the Consumer Products Industry. Accepted role as Sales VP.
Franchise:
This business is an established franchise
Business Website:
http://agents.farmers.com/tn/murfreesboro/kurt-zellner
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

lee HERRING

Business Listed By:
lee HERRING

Energia Consulting Partners

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1595348 Report an issue with this listing

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


SpeedPro Imaging

Franchise Opportunity
Capital Required: $240,050