Insurance Agency with Large Client Base

Saint Cloud, MN (Stearns County)

Seller Financing Available
World-class service generates excellent client retention.
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Asking Price: $695,000

Cash Flow: $200,250

Gross Revenue: $333,700

EBITDA: N/A

FF&E: $18,000

Inventory: N/A

Rent: $1,200 /Month

Established: 1989

Insurance Agency with Large Client Base

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Business Description

Insurance firm offers a wide array of insurance products (from a single provider) to residential and commercial clients.
Services approximately 4,000 policies; long history of platinum-level service. Highly-trained team of professionals attentive to client needs. Agency has one of the highest client retention rates in the state. Seller open to a variety of transition models/deal structures.
Target buyer:
--an insurance agency which is seeking to expand its footprint in Central Minnesota;
--a mid-level insurance agent who wishes to own his/her own insurance agency in order to build equity in the business;
--an entrepreneur, interested in the insurance industry, who has enthusiasm, a network of family and friends, and wishes to enter a strong insurance agency at ground level with a multi-year buy-out/ownership plan.

Detailed Information

Location:
Saint Cloud, MN
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Professional office center. 1000 sf 4 offices, reception, work room. Well organized, comfortably appointed.
Competition:
Normal competition. Extremely high-level of client services.
Growth & Expansion:
Add another sales producer; continue to do service reviews to potentially identify additional policies for current clients.
Financing:
Seller financing available; in accord with buy-out structure.structure
Support & Training:
Owner will provide training as needed. Open to total buy-out, 2-step buy-out, multi-year partnership buy-out.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Chris Reicher

Business Listed By:
Chris Reicher

C.G. Reicher Associates, Ltd.

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