Farmers Insurance Agency in greater LA area

Downey, CA (Los Angeles County)

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Established: 1982

Farmers Insurance Agency in greater LA area

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Business Description

Farmers Insurance Agency For Sale- LA (SGV Area)

We have an established book of business in the LA metro area which currently has a total of 600 policies in force as of October 2019. (Approx. 90k in yearly commission renewals) The agency is located in the beautiful city of Claremont but can be relocated to any office location you desire (ideally within a 30 mile radius of current office) The agent has been in business for 37 years and holds an excellent retention rate but has decided it is time to retire. Sale price is TBD but will most likely be in the 90k-110k range. Price is totally negotiable between agent and buyer, Farmers does not get involved in selling price. This is an excellent opportunity for a candidate who wants to cross-sell this well rounded book of business as well as take advantage of our lucrative start-up bonuses, see below for additional information.

Looking to acquire a bigger book of business with greater residual income? We will have more agencies for sale during the first quarter of 2020.

The requirements are as follow:

Satisfactory results of background check
Property & Casualty License
Life, Accident & Health License
Minimum of $70,000 in assets (can be a combination of liquid, credit lines, and retirement plans such as 401k and IRA's) THIS IS NOT MONEY PAID TO FARMERS, IT IS A REQUIREMENT AS PROOF OF CAPITALIZED AND FINANCIALLY RESPONSIBLE CANDIDATES
Compliant office location (will need corporate approval) and 1 licensed and appointed staff/employee

Start up incentives include:

Book qualifies for a 6 quarter bonus structure starting at a 180% new business commission multiplier (paid monthly)
Additional quarterly bonuses
One time $10,000 office startup bonus
District paid trips/vacations and much more

If taking over an existing book of business is not for you, we also have our retail program with attractive commission bonuses (300% on top of normal commissions) tailored for candidates that have a successful track record in financial services, sales, or networking and are ready to hit the ground running.

CONTACT INFO:

Any questions, concerns, or requests for additional information you may contact Paco Solórzano or Roy Corral at the Farmers District Office. 562-622-0062 paco.rcorral@farmersagency.com

Detailed Information

Location:
Downey, CA
Employees:
0
Financing:
Finance options available from our Farmers Insurance Federal Credit Union
Support & Training:
While working with our team, you receive extensive sales training, product training, and support throughout your career. Our dedicated team helps to coach you through your start-up, by providing support from Product Specialists, Business Consultants, Marketing Managers, in addition to the District Manager and the Southern California Territory team
Reason for Selling:
Agent is retiring
Business Website:
http://recruitment.farmers.com/district-manager-locator/ca/downey/rogelio-corra
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Business Listed By:
Paco Solorzano

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