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High End Boutique Westside Farmers Insurance Agency

Los Angeles, CA (Los Angeles County)

High End Boutique Westside Farmers Insurance Agency
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Asking Price: $135,000

Cash Flow: N/A

Gross Revenue: $78,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,200 /Month

Established: 2002

High End Boutique Westside Farmers Insurance Agency

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Business Description

High Client Retention, High Profile / Networth Clients

Since 1928, people have been trusting Farmers Insurance to help them grow and protect their most valuable assets. This particular agency is a full-service agency under Farmers Insurance Group and focused on protecting assets for clients in the more affluent communities of West LA region. The business is currently marketing, selling and servicing Homeowners, Auto, Commercial, P&C, Workers Compensation and Life insurance for Farmers Insurance. The agency has consistently written profitable business and prides itself on strong customer service. The retention of the agency is good at 86% with a current policy count of 388.

There has never been a better time to be with Farmers, the fastest growing insurance company in America. Farmers is currently the only major insurance company in the U.S. with a Family Rights Provision that allows you to one day pass your business on to a family member.

A suitable buyer will submit an NDA and proof of financial assets to purchase the Agency. The buyer will also meet all requirements of Farmers Insurance.

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Farmers Insurance Requirements (include, but not limited to the following):
- Property & Casualty, Life & Health insurance license
- Successful Background Check
- Documented Liquidity of $70,000

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
450
Lease Expiration:
N/A
Employees:
1
Facilities:
The location has been established for 16 years with minimal competition nearby. Approximately 450 square feet of office space in a prime location that rents monthly for $1200. Month to month lease.
Competition:
There are no other Farmers' agencies in the local vicinity and a number of other competitors as you expand outward.
Growth & Expansion:
The current book of business is full of cross selling opportunities. In addition, Farmers Insurance provides excellent marketing support to help you continue to grow this book of business.
Financing:
Farmers Federal Credit Union Offers Financing Options
Support & Training:
The new owner will receive extensive sales training, product training, and support. Farmers' dedicated team will help the new owner through 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:
Current owner pursuing other interest
Franchise:
This business is an established franchise
Business Website:
http://www.farmers.com
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Business Listed By:
Diane Frank

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