Annual Revenue: $488,985
Location: Orange County, New York
This is an outstanding opportunity for someone interested in being self-employed, as it offers the advantage of being backed by a highly recognizable and respected brand that will serve as the cornerstone for long-term growth and profitability. You’ll have a broad array of products to offer, including homeowners, auto, life, and business insurance. Moreover, you’ll reap the benefits of taking over a high-performing agency supported by a very competent staff of three.
Under the owner’s skillful management, the branch is generating almost $4.5 million in annual earned premiums. It enjoys a customer retention rate of over 90%, which provides a continual robust stream of recurring revenue. Over 60% of customers have policies for multiple products, which has been instrumental in strengthening long-term relationships. Located in a well-trafficked shopping center, the agency has high visibility in the community.
As the agency grows under a new owner, up to three additional personnel can be accommodated within the existing office space. Qualifying as a buyer does not require an insurance background—in fact, the seller had no prior experience in the industry. However, the comprehensive training program the company conducts for new agency owners provides an excellent foundation for success, and the required licenses can be obtained relatively quickly.
The business offers unlimited earnings potential through commissions plus bonuses available under corporate incentive programs. Based on the company’s preeminent reputation in the industry, a qualified buyer can have access to very favorable financing.