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REDUCED PRICE! Chicago, Il Award Winning Farmers Agency!

West Chicago, IL (DuPage County)

Seller Financing Available
REDUCED PRICE! Chicago, Il Award Winning Farmers Agency!
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Asking Price: $650,000

Cash Flow: $200,000

Gross Revenue: $260,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $917 /Month

Established: 1977

REDUCED PRICE! Chicago, Il Award Winning Farmers Agency!

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Business Description

Chicago, IL! Large established Turnkey Farmers Agency!

LOCATION
City/State: Chicago, IL
County: DuPage
Location Available: Yes
Rent/Lease Terms: Annual
Rent/Lease Rate: $917
F&E Available: Yes
Years in business: 42
Location Photos: Available on request
Current Agency Staffing:
FINANCIAL
Asking Price: $715,000
Annual New/Renewal Revenues: $283,000 Excluding Incentive Compensation
Earned Premium: $2.68 million earned premium and 2260 Policies in Force
Bank Financing Available: Local and national lender referrals available on request
Seller Financing Available: Yes, terms negotiable. Satisfactory collateral required
Detailed Financial Reports: Available on request
GENERAL INFORMATION
Established Award Winning Farmers Agency located in the western suburbs of Chicago! This $2.68 million earned premium agency consist of 2260 policies in force with a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales as well as life, commercial and financial services. Good potential to increase revenues through new & renewal commissions as well as performance bonus based on profitability growth bonus. Retention economics are above average and experienced, licensed staff will transition with the sale while the current owner is open to a transitionary consulting relationship if desired.

Detailed Information

Location:
West Chicago, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
1/31/2021
Employees:
2
Facilities:
Rent includes utilities. All furniture, equipment, computers, phones, faxes, etc convey with the sale. Fully functional turney operation with experienced staff.
Competition:
Experienced staff, strong market presence, great retention and customer satisfaction above market and state average. Competitive on new business in auto and home.
Growth & Expansion:
Very competitive in current market, especially in auto. Excellent retention.
Financing:
Negotiable
Support & Training:
Farmers University and ongoing field and in agency support as needed.
Reason for Selling:
Retiring
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(from currently available funds)
 
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lee HERRING

Business Listed By:
Chris@EnergiaPartners.com

Energia Consulting Partners

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