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Description

OFF-MARKET’Q4 2021

Long Beach, CA Farmers Agency 1x Commissions

Long Beach, CA (Los Angeles County)

Zip Code: 90814

Asking Price:

$68,000

Cash Flow:

$36,000

Gross Revenue: $65,000

EBITDA:

N/A

FF&E:

N/A

Inventory:

N/A

Established:

2019

Employees:

2

Business Description

Small Farmers Insurance Agency book of business will give a new agent a head start with viable P&C policies instead of having to build a customer base from scratch. Or, can grow an existing agency looking to level up quickly. Farmers business opportunities are for entrepreneur-minded individuals looking to build a business and invest in themselves. Becoming a Farmers agency owner is a top-ranked franchise opportunity. All potential buyers will have to meet Farmers criteria for agency ownership and be approved by the District Manager before a sale can be completed.

Detailed Information

Facilities:

No facilities included.

Competition:

There is plentiful competition in the industry, but Farmers is the second largest insurance company in the State of California with a large market share and a big advertising budget.

Growth & Expansion:

Policies need oversights by an experienced owner or customer service rep. Depending the owners’ level of experience, or current workforce, hiring a producer would spur additional growth. Cross promotions and sales of other products would increase retention, as would more focused attention.

Financing:

TBD if structure and terms are acceptable.

Support & Training:

To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, or as negotiated.

Reason for Selling:

Meeting the needs of insurance clients impaired the Seller’s primary business.

Contact info

Pronova Partners

Inquire about this property

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