PRICE REDUCED - Insurance Agency For Sale - $300,000+ Annual Revenue

El Paso, TX (El Paso County)

PRICE REDUCED - Insurance Agency For Sale - $300,000+ Annual Revenue
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Asking Price: $550,000

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Rent: $1,033 /Month

Established: 2018

PRICE REDUCED - Insurance Agency For Sale - $300,000+ Annual Revenue

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Business Description

Well-known and respected brand = HUGE growth potential

Have you always dreamed about pursing a dream of business ownership? Here's your chance! I am selling my successful Farmers Insurance agency due to a new opportunity out-of-state. This is literally a turn-key opportunity. All furniture and technology needed to run an insurance agency is included in the sale. You simply need to show up, sit down, and begin selling.
My current staff includes two highly-trained individuals who have been in the insurance industry for over 10+ years. They will make your transition to the insurance industry very easy. I can say without hesitation they have made my ownership experience incredibly stress-free.

When you purchase an insurance agency you are purchasing a sustainable and consistent renewal income. I estimate my renewal income will be close to $240,000 for the year 2019. This does not include NEW business, which will renew next year and into the future.

As a Farmers Insurance agency owner you have access to one of the most well-known and respected financial services brands in the country. If you choose to pursue your series 6/63 licensing you will not only have access to over 50 different insurance products, but you will be able to offer retirement products as well (variable life/annuity, 401(k), IRA, mutual funds).

While I have done a good job of building a successful business, there is a HUGE opportunity for growth. If you are outgoing and able to build relationships with referral partners throughout Texas, I believe you can double the size of this agency in less than 5 years. When you double the size, you double the income!

Detailed Information

Location:
El Paso, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
8/1/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All desks, chairs, furnishings, computers and related equipment are included in the sale. All furniture and technology is less than 2 years old, with exception of one desk and a few chairs. The lease has 22 months remaining at $1,033 per month. I would prefer a new owner who is willing to take over the remaining term of the lease. I also feel this would be a great business decision for you, due to the extremely low monthly amount.
Competition:
El Paso, TX is a growing city of over 700,000 people with tremendous sales potential. In addition, you have access to the entire state of Texas and its 28 million residents. After selling the agency I will have NO further contact with your clients. I am moving out of state and will not be a competitor in ANY way.
Growth & Expansion:
The parent company, Farmers Insurance, offers close to 60 different lines of business. I focus the majority of my day on 3 - auto/home/life. There is an opportunity for growth in specialty products and commercial, as well as health insurance, which I do not currently offer, but which is allowed. The right owner could take this agency in a new direction and make a lot of money in the process.
Support & Training:
If the full asking price is obtained, I will provide 6 months of support after the sale. This support will include advice and guidance on managing employees, marketing and sales systems, and any other reasonable requests made by the new owner. If you do not require this assistance, I will be happy to step aside immediately.
Reason for Selling:
Moving out of state to pursue a new opportunity.
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Business Listed By:
Michael

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