Established Insurance Agency - Grafton County, New Hampshire
This well-established franchise insurance agency presents an exceptional opportunity for a qualified buyer seeking a profitable business with strong fundamentals and growth potential.
Business Overview:
Established in 2008, this agency manages nearly 1,900 policies in force, generating over $256,000 in annual revenue with $195,000 in seller's discretionary earnings. The business maintains an impressive 89% customer retention rate and enjoys loss ratios well below 50% for multiple years, indicating a high-quality book of business.
Location & Visibility:
Located in a prime downtown area with excellent visibility for both locals and tourists. The 850 square foot leased space ($800/month) is surrounded by retail shops, restaurants, service businesses, and banks, creating strong foot traffic and networking opportunities.
Revenue Streams:
Primary income derives from Property & Casualty insurance commissions. Additional growth opportunities exist through financial services, requiring appropriate licensing (Life, Health, Disability, and Securities). The franchise structure provides access to competitive rates, comprehensive underwriting, and 24/7 customer service including claims support.
Competitive Advantages:
- Only exclusive national brand agency among three local competitors
- Strong relationships with local body shops for claims service
- Comprehensive service options: in-person, phone, email, and internet self-service
- Corporate support and regular product upgrades
- No territorial restrictions within New Hampshire
- Opportunity for non-resident licensing expansion
Growth Potential:
Current performance meets minimum corporate goals, but significant upside exists through aggressive new business acquisition and cross-selling to existing customers. The seller notes the business is "ready to take to the next level" with proper management and sales focus.
Transition Support:
Seller offers customer introductions, system training, and product education. Current staff may remain to ensure customer continuity.
Financial Requirements:
Asking price: $600,000
FF&E included: $25,000
Minimum capital required: $100,000 on day one
Buyer must arrange independent financing
Reason for Sale:
Owner retiring after 40+ years in insurance industry, seeking next chapter.
This turnkey operation offers immediate cash flow with substantial growth opportunities for an ambitious buyer with proper licensing and capital resources.
Ad#:2422569
