Independent and Established Insurance Agency

Maricopa County, AZ

Independent and Established Insurance Agency
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Asking Price: $95,000

Cash Flow: $38,800

Gross Revenue: $125,000

EBITDA: $38,800

FF&E: $10,000

Inventory: N/A

Rent: $1,200 /Month

Established: 2006

Independent and Established Insurance Agency

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Business Description

Independent & Established in 2006 this non-standard personal lines P&C agency located in the East Valley. The agency has approximately $125K of revenue and is comprised mainly of personal lines auto policies through long established solid carriers. The top five carriers comprise about 50% of the business and include companies, such as Freedom National, Commonwealth, UAIG, Progressive, and Legacy. Over 20 carriers for home, auto, and commercial. The agency has plenty of upside potential in cross-selling homeowners, renters, and other policies, as the ownership has not been involved in the business. This is an incredible opportunity for an agent that wants to be independent and knows how to work a book of business. There hasn’t been any marketing dollars spent in over 3 years. With a simple marketing plan, cross selling, and commission negotiations this business can increase 2x-3x within a very short period of time. Buyer is able to focus on growing the business as the staff can handle the day to day operations. The seller is willing to train at no additional cost. All the pieces are there just needs some TLC and can be back to its original state which was over 400k in income per year.

Detailed Information

Location:
Maricopa County, AZ
Real Estate:
Leased
Building SF:
1,227
Lease Expiration:
7/31/2020
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Negotiable
Reason for Selling:
Other Business Interests
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Juan Cabrera

Business Listed By:
Juan Cabrera

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Sponsoring Broker:
Chuck Wimmer

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