Farmers Insurance Agency

Murphy, TX (Collin County)

Farmers Insurance Agency
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Asking Price: N/A

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Established: 1986

Farmers Insurance Agency

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Business Description

Seeking Buyers for Agency Acquisitions in Texas

Farmers Insurance has expanded it's entry points to include Agencies for sale (known as the Agency Acquisition Program), scratch Agencies (Retail)and also a brand new Protégé Program for individuals who are interested in starting a business in insurance with a Mentor Agency program.

We have 4 Agency Acquisition/Retail opportunities: $70k capital required to qualify (retirement accounts and spousal income can be included)

The first Agency has 812 Policies in force with a 20 year tenure. The Seller is willing to negotiate all terms. Must be bilingual (Spanish) or willing to hire bilingual staff- (Fort Worth)

The second Agency has 410 Policies in force, existing licensed staff person willing to roll-over to new agent. Beautiful office with furniture included. - (Murphy) borderline of Wylie

The third agency has about 500 policies in force. - (Fort Worth)

The Retail Program is a scratch opportunity where you can place your office in a zip code of your choice on day one. This program has a 300% NB commission bonus, Annual bonus, a $10k start up bonus and $300 a month for marketing expenses.

All are located in explosive growth areas and have significant opportunity for growth! !

Detailed Information

Location:
Murphy, TX
Facilities:
Each Agency has an existing office that meets all brand standards and have fully licensed and appointed Staff that are wanting to stay on with the new buyer. Each office is professionally appointed and provides an inviting office environment. Two of the three offices are leased, all of which are negotiable by owner and the third is owned by the existing Agent and can be leased to new owners.
Competition:
Farmers is very careful not to place Agencies that might unduly interfere with the significant growth of another Agency. This helps to protect the Agency Owners opportunity for growth in any given area.
Growth & Expansion:
The North Texas area is EXPLODING with opportunities in the insurance and financial services industry. Both provided by being an Agency Owner with Farmers Insurance and Financial Services. Paired with the population and housing development in North Texas, owning an Agency has significant earning and growth potential for business owners.
Financing:
Sellers are willing to discuss options. We also have our own credit union.
Support & Training:
Farmers has a world renowned training program that is multi-faceted and includes a trip to the Award Winning, University of Farmers in Agoura Hills, California. The training program is comprehensive and is designed for candidates who have not yet had experience in the industry, yet it is customizable for those who have had some or extensive insurance experience.
Reason for Selling:
In each situation the Agency Owners are selling as part of a retirement plan.
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