Insurance Agency for Sale

Harrison County, MS

Outside Sign
Contact Seller

Asking Price: $270,000

Cash Flow: $112,825

Gross Revenue: $148,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,800 /Month

Established: 2014

Insurance Agency for Sale

Save Print Share Valuation Report

Business Description

Insurance Agency for Sale

TOTAL TURNKEY LOCATION! This agency is in a great spot with a brand new build out (less than six months old). The staff will remain with the agency, all the computers and equipment will stay, and this book does qualify for ENHANCED COMPENSATION(this is huge). This book will DOUBLE your return on investment! There is a full marketing mailer package underway which is supplying leads currently in addition to a very solid commercial book. This location supports itself but also will bring immediate profit short and long term!

Based on the new enhanced compensation model, you will make a $5,000 bonus in month one and a $10,000 bonus in month four in addition to making 32.5% in commission! Projections based on renewals and new business compensation will have your net income over $200,00 in year one. I will stay on for a small time period as well to help transition (if desired) and all staff( if desired) will remain and are licensed and able to run agency. ! I am going to law school and I have been trying to do both but feel that I am taking away from the agency to attend school and do not want to decrease size. This book is a great investment as it can be a 2 million book in two years with my current marketing strategies, enhanced compensation, bonuses and Allstate opening up all the product lines as they have done in the last two months. We, as a company, are the most competitive we have been in 6 years and I am very excited for the direction Allstate is moving. You will be able to double your money if you desire to sell after purchasing. I know all the current products and features and will teach you the book, and marketing techniques when you come on. It pains me to sell it but I am not able to run the agency and go to school both successfully. I can tell you anything you want to know about the agency, staff, location and the market if you would like to meet. If I were able to receive enhanced compensation again,I would be selling and repurchasing my own agency to double ROI! This is a great investment!

Detailed Information

Location:
Harrison County, MS
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
3
Facilities:
Brand new build out with four offices, large lobby, bathroom and kitchen. Very busy prime location. All computers, equipment and most of the furniture will stay. This is a total turnkey. Walk in ready with door and window signage as well as the large Allstate channel lettering.
Competition:
Allstate is the most competitive that it has been on the Gulf Coast in 6 years! We have new product lines and are in a growth strategy. For the first time in the last three years we have not taken rate to our auto line and implemented a price competitive option for renewals which adds more features as well affects premium per customer instead of a group rating system. I am seeing a 10% increase in our close rate. My road has no independent agencies and is located around a high end subdivision as well as a high end shopping center.
Growth & Expansion:
Other business opportunities in the strip are allowed but no other insurance agencies can be allowed entrance. We can sell mutual funds( with license) and benefits in addition to all of our current products. Allstate allows commercial with Progressive, Liberty Mutual, Travelers and Hartford. There are no limitations on products you can target. We are the most competitive we have been on the Coast in years and with the enhanced compensation model you will make 32% in addition to bonuses. You should double in book size and ROI!
Financing:
Rent and term may be negotiated. Location can be moved if desired
Support & Training:
Extremely low staff turnover. Both employees will stay and have been in the agency over a year as well as Property and Casualty licensed. I (owner) will stay on as well to help transition (if desired).The office manager is experienced with sales, service, retention and currently in charge of operating procedures.
Reason for Selling:
Pursuing my passion for Law and relocating
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Sondra Hicks

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1664907 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Nextaff Staffing Franchise

Franchise Opportunity In MS
Cash Required: 100000