Listing ID: 81313
Award winning Farmer’s Insurance Agency with a very solid book of business! National brand exposure from a great company with fast and easy claims service. 5-star online reviews! Established agency with excellent fully licensed team for simple turn-key operation! Room to expand by adding more commercial lines, increasing social media and expanding to other areas of Nevada. Gross Sales and Total Income are estimated for full year 2021 based on first 10 months of the year. EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org
- Asking Price: $499,000
- Cash Flow: $154,981
- Gross Revenue: $314,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1200 square feet with a Total Rent of $2000. Lease ends 02/2023 with a two 3-5 year lease options. Seller is active in the business with 3 FT employees. Hours of operation are 8:30 AM to 5 PM, Mon-Fri, 10 AM to 2 PM Sat. $20,000 in FF&E included in Asking Price. $15,000 made in Leasehold Improvements. Assets include Turn key award winning agency with great team in place! PNC Insurance License (State of Nevada) Required.
Fourteen (14) days
Moving out of state
The company was established in 2014, making the business 8 years old.
The company has 3 employees and resides in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or an array of various other reasons. This is why it is very important that you not count absolutely on a vendor's word, however rather, utilize the vendor's solution combined with your overall due diligence. This will paint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new clients? Many times, businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as new competition growing up around the location, road building, as well as employee turnover can impact repeat consumers and negatively influence future revenues. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to develop a returning client base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood mean home income influence future income prospects?