$2.4 Million Earned Premium Agency in Philly, PA!

Philadelphia, MO (Marion County)

Seller Financing Available
$2.5 Million Farmers Agency in Philly!
Contact Seller

Asking Price: $555,000

Cash Flow: N/A

Gross Revenue: $247,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,125 /Month

Established: 2013

$2.4 Million Earned Premium Agency in Philly, PA!

Save Print Share Valuation Report

Business Description

LOCATION
City/State: Philadelphia, Pennsylvania
County: Perry
Location Available: Yes
Rent/Lease Terms: Annual, renews in September
Rent/Lease Rate: $1,125 monthly
F&E Available: Yes. All furniture and equipment conveys with the sale.
Years in business: 5
Location Photos: Available on request
Current Agency Staffing: Support Staff will not transition with the sale at this time.
FINANCIAL
Asking Price: $555,000
Annual New/Renewal Revenues: $247,000 (Excluding incentive and bonus compensation)
Earned Premium: $2,459,000
Bank Financing Available: Local and national lender referrals available on request
Seller Financing Available: Negotiable
Detailed Financial Reports: Available on request
GENERAL INFORMATION
This established 5-year FARMERS agency is located in historic Philadelphia, Pennsylvania in the upcoming desirable Fishtown community, which has emerged as Philly’s truest harbor of artistic, culinary and musical action. This $2.4 million earned premium agency consist of a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales as well as life and financial services. Excellent potential to increase revenues through new & renewal commissions as well as performance bonus based on profitability, growth, and retention. The current owner is open to a short term transitionary consulting relationship if desired.

FOR MORE INFORMATION ON THIS LISTING, PLEASE CONTACT:

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

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
9/30/2019
Employees:
0
Competition:
https://www.visitphilly.com/areas/philadelphia-neighborhoods/fishtown/ There’s no shortage of cool in Fishtown, which has emerged as Philly’s truest harbor of artistic, culinary and musical action. This classic working-class neighborhood, so named due to its history as an epicenter for the commercial shad-fishing industry, offers a colorful exception to the city’s gridded urban rule with its collection of narrow streets beset with modest row homes and independently owned businesses. North of Girard, south of Lehigh, east of Front and west of the Delaware River, Philly’s young creative class roots itself here with hopes to take ideas from gestation to reality. This momentous influx of new residents gave way to great new bars, restaurants, music venues, studios and galleries. Newcomers integrating and collaborating with the neighborhood’s longtime residents sets Fishtown apart as one of Philadelphia’s most exciting neighborhoods.
Growth & Expansion:
Great book and mix of business in one of the most up and coming communities in the country. Demographics are excellent to support one of the most recognized names in the industry!
Financing:
Negotiable
Support & Training:
Farmers University, Web based and In Agency Training available.
Reason for Selling:
Outside Business Ventures
Business Website:
http://agents.farmers.com/pa/philadelphia/1554805-michael-primavera
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

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1621418 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


TemperaturePro

Franchise Opportunity
Capital Required: $347,500