Insurance Agency Owner Retiring, Great Residual Income

Oklahoma County, OK

Insurance Agency Owner Retiring, Great Residual Income
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Asking Price: $90,000

Cash Flow: $60,470

Gross Revenue: $88,802

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,250 /Month

Established: N/A

Insurance Agency Owner Retiring, Great Residual Income

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Business Description

Strong >65% residual/passive income, selling below market level

Captive agency with freedom to sell other policies. Owner retiring and is highly motivated to transfer the agency at below market rate in order to move fast. Located on busy road in central OKC, this beautiful office comes fully equipped to accommodate an entire team that can grow the revenue exponentially. New owner will also need to be qualified by insurance company.

This is a great opportunity for seasoned manager to take over an agency with an existing revenue stream and strong renewal income (>68% of total income). Owner in retirement mode, working minimal time each week, and agency still growing 10% year over year for past 3 years.

Detailed Information

Location:
Oklahoma County, OK
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Reason for Selling:
retiring
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Andrew Popa

Business Listed By:
Andrew Popa

Transworld Business Advisors of OKC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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