UNDER CONTRACT -Alabama Farmers Agency for Sale

Prattville, AL (Autauga County)

Seller Financing Available
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Asking Price: $1,200,000

Cash Flow: N/A

Gross Revenue: $400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $300,000*

Established: 2007

*not included in asking price.

UNDER CONTRACT -Alabama Farmers Agency for Sale

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Business Description

This is an established Award Winning Farmers agency located in Prattville Alabama, with great road frontage on US Hwy 31. This $3.2 Million earned premium agency is a “turnkey” operation, consistent of a preferred auto/homeowner/commercial customer base with excellent opportunity for growth in cross sales as well as life/financial services. Good potential to increase revenues through new & renewal commissions as well as performance bonus based on growth, retention, etc. Experienced, licensed staff are open to transition with the sale while the current owner is open to a short term consulting relationship if desired. The Agency has five full time experienced Property, Casualty and Life licensed Professionals: Three Agency Producers on a salary plus commission basis with one specializing in Commercial P&C; Two FT CSR’s fully licensed on salary plus retention bonus.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,000
Employees:
5
Facilities:
The office is around 4000 square feet, and is a stand-alone commercial building with three phase commercial HVAC. There are at present two additional vacant offices and room to build out additional offices if desired. It is the Agency Owner’s intention is to also sell the building. The Agency is paperless and has a 22K watt Generator integrated in order to continue operations during a power outage; and also a backup Verizon Wireless Cradlepoint Router that allows operations to continue in the event Cable Internet is out for any reason. In the event of a disaster operations will continue to operate and the parking lot is large enough to set up a tent city for adjusters if needed
Competition:
High Revenue and cash flow Consistent Above average growth Excellent historic Retention consistent High Bonus Potential Professional highly trained and Experienced Staff Established Professional Location Excellent Market area and demographics Seasoned Book
Growth & Expansion:
Revenues have increased significantly due to company provided bonus structure effective January 2018.
Financing:
10-20%
Support & Training:
Company provided training by Farmers University.
Reason for Selling:
The Seller is retiring from the Insurance business for personal family reasons.
Franchise:
This business is an established franchise
Business Website:
http://agents.farmers.com/al/prattville/cary-mcdaniel
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(from currently available funds)
 
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lee HERRING

Business Listed By:
lee HERRING

Energia Consulting Partners

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