Business Overview

An established Farmers Insurance Agency in a great location is for sale. This agency has been in business for 34 years and has $2,190,727 in premium. This is a highly successful multi-line insurance and financial services agency with amazing opportunities to grow the business. The best thing about this industry is that the sky is the limit and there is no cap on income.

Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!

Financial

  • Asking Price: $450,000
  • Cash Flow: $114,214
  • Gross Revenue: $249,120
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1987

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1400 SF in an office building.

Purpose For Selling:

Retirement

Additional Info

The venture was started in 1987, making the business 35 years old.

The company has 3 employees and resides in a building with approx. square footage of 1,400 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is really important that you not rely entirely on a seller's word, but instead, utilize the seller's answer together with your total due diligence. This will paint a more sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that profit margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in new consumers? Many times, operating businesses have repeat customers, which create the core of their everyday revenues. Particular aspects such as new competition sprouting up around the area, road building, and personnel turnover can affect repeat customers and adversely impact future profits. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the chance to develop a returning client base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the regional average home earnings effect future income potential?