Listing ID: 72872
* Are you driven?
* Are you goal-oriented?
* Are you confident?
* Are you passionate?
* Are you resilient?
If so you should keep reading!
* Do you want to own your own business?
* Do you want to control the amount of income you make?
* Do you desire flexibility in your work schedule?
* Do you enjoy rewards and trips?
If you answered yes to the questions above, then you should consider a business opportunity with Farmers Insurance!
With over 90 years of experience and award-winning training, Farmers has the knowledge to help entrepreneurs start up an independent business they can proudly call their own.
The Retail Agency Program is designed to attract capitalized entrepreneurs seeking an opportunity that offers financial support to help the agency owner build a viable business. Insurance experience is a plus but not required.
Some of the benefits include:
* Award winning training
* $7,500.00 Signing Bonus
* Up to 300% commissions
* Equity ownership in the business
* Achievement Awards and Trips
* 500 Monthly Marketing Bonus
* Annual Bonus
- Asking Price: $120,000
- Cash Flow: $7,000
- Gross Revenue: $650,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2 weeks paid training
The venture was founded in 2003, making the business 19 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the true factor vs the one they say to you might be 2 entirely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is really crucial that you not count absolutely on a vendor's word, but instead, utilize the seller's response in conjunction with your total due diligence. This will paint an extra reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that revenue margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new consumers? Many times, companies have repeat customers, which form the core of their daily earnings. Specific elements such as brand-new competitors growing up around the location, roadway construction, and also personnel turn over can impact repeat clients as well as adversely affect future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood average family income effect future income potential?