Insurance AgenciesMichiganMacomb

Select Categories Michigan
3Kozak Agency For SaleA "Turn Key" opportunity
$675,000Seller Financing
Kozak Agency For SaleA "Turn Key" opportunity

Chesterfield, MI

This is a 44 year old agency with a reputation for solid reliability. This is truly a "Turn Key" offer... walk in... get your coffee... and go to work. This offer bundles my "Progressive Book" of business, my agency as well as my office building. THE OFFICE BUILDING: 2500 sq' office building built in 1997. New roof summer of 2017. New high efficiency (96%), 2 stage furnace summer of 2018. It has 4 suites... (1 is currently vacant) Monthly rents total $1000. It has a kitchenette with a sink, fridge, microwave, cafe table and chairs It has 5 workstations plus file cabinets (36 drawers). It is fully equipped and furnished. The decor is 50's & 60's throughout. It has a cement parking lot with spaces for 26 vehicles. It has a pylon sign converted to L.E.D.s. and a flag pole. Sale Price: $675,000... Terms: 10% down ($67,500) ............................................20 year Land Contract @ 5.5% ($4179 per month) THE PROGRESSIVE BOOK: A very profitable, 39 year old book. Priced @ $120,000 cash (no terms) ...................12 month moving average.. $927,375 written premium .................(as of Nov 2018 month end) $ 75,394 annual commission. ............................................................. $ 6,283 average monthly commission. .......Combined average monthly revenue $ 7,283 (Progressive book and rents). .............................................................................. ($6,283 plus $1,000). So do the math... The $7,283 monthly revenue covers the monthly land contract payment of $4,179 with $3,104 per month to spare. In 5 years you'll recover your entire initial outlay.


Become a Premium Member Today!