OFF-MARKET – NorCal Farmers Agency for Sale for Only 1.5x Gross

Become a Farmers Insurance Agency Owner!

Millbrae, CA (San Mateo County)

Zip Code: 94030

Asking Price:

$200,000

Cash Flow:

$81,614

Gross Revenue:

$130,656

EBITDA:

N/A

FF&E:

Included

Inventory:

N/A

Established:

2018

Employees:

2

Business Description

If you’re an entrepreneur looking to start your very first insurance agency, becoming a Farmers insurance agent by purchasing a starter book of business is one of the most exciting business investments you can make. Own your business while being associated with a premier brand and corporation offering support and training to help you with your success.

Agency is profitable with over 1100 policies in force, very high retention, with a mix of preferred personal auto, fire, life, some non-standard auto, and a growing commercial book. Well-located and well-appointed office makes for a turnkey transition. New owner may stay in current office or relocate. Perfect opportunity for a brand-new agent. Must be licensed or close to completing licensing in California. Seller is relocating. NDA {SUBMIT BELOW} required for initial due diligence package crafted by ProNova Partners.

Detailed Information

Facilities: Approx 950 sf office, current rent is $1751 per month. Near popular restaurants, shops, and affluent neighborhoods. Parking is plentiful.

Competition: The insurance industry competitive landscape is highly fragmented. Provide a high level of customer service and consistent marketing efforts to succeed in this marketplace.

Growth & Expansion: Primarily a renewal book with online self-service available for current customers. Continue current marketing campaigns to grow commercial book and utilize the many marketing resources available to you through Farmers.

Support & Training: Extensive training provided by Farmers. Seller will provide 2 weeks of training.

Reason for Selling: Relocation

Financing: Bank Financing or Cash.