Thriving Chicago Insurance Agency For Sale

Chicago, IL (Cook County)

Seller Financing Available
Thriving Chicago Insurance Agency For Sale
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Asking Price: $583,000

Cash Flow: $230,000

Gross Revenue: $2,300,000

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Rent: $2,000 /Month

Established: N/A

Thriving Chicago Insurance Agency For Sale

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Business Description

Established in 1977, this insurance agency is located in the North Center neighborhood of Chicago ; North Side is one of 77 community areas of Chicago and is a highly regarded community. Tree-lined streets offer a lovely backdrop to the many town homes and condos in the area --- a mix of new construction meshes with the beautiful Victorian era architecture in the neighborhood. Situated on Lincoln Avenue, the agency office is charming with hardwood floors, exposed brick 4 desks, chairs, phones, conference table, etc. Enhancing the exterior of the building is a brand new canopy which bears the company name, thus focusing attention on the entry. Housed in a leased building of 900 square feet ( $2,000 monthly rent and a lease that expires in 2024), the agency has been placed on the market for $583,000. Considering the gross revenue is an amazing $ 2.3 million and the cash flow is $230,000, this is simply an incredible offer !!
In a neighborhood which offers an urban feel and is ranked as one of the best places to live in Illinois, businesses are generally diverse and independently owned. This agency follows suit with an agent-based model of selling and servicing to insurance customers. Affordable rates have helped to build a robust business and make it highly competitive with 90% retention rate. However, although this agency has superior numbers and is highly competitive among other agencies, there is also ample room for additional growth and expansion. With an owner who, although retiring to ultimately relocate to Florida, will remain during a transition period and assist a new owner in determining how to best grow the business even more. In addition, a manager who has superior customer relations skills , plans to stay during and after the transition period to ensure that the customer retention rate remains high. Presently, there are three individuals who are operating the agency.
In a neighborhood filled with restaurants, coffee shops, bars and parks, this particular area is perfect for anyone who desires to plant roots in the Chicago area. Undoubtedly, the flourishing insurance business is a tremendous opportunity to become part of this community's fiber filled with families and many young professionals. Any prospective buyer who has an interest in purchasing a very well-established agency of exceptional quality, this is a deal that simply cannot be overlooked!

Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
5/1/2024
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Business Website:
http://matchbizinc.com
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(from currently available funds)
 
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James Baker

Business Listed By:
Jim Baker

Matchmaker Business, Inc.

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