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Feb 21, 2019 — The agency is a full- service captive agency under Farmers Insurance Group. The business is currently marketing, selling and servicing Homeowners, Auto, Commercial, P&C, Workers Compensation and Life insurance for Farmers Insurance. Gross revenue has been consistent over the last 24 months. The agency has consistently written profitable business and prides itself on strong customer service. The retention of the agency is good at 86%. The current policy in force count is 1,511 of which 88% represents Personal Lines Auto and Home. The remaining revenue consist of Life and Commercial.
A suitable buyer will submit an NDA and proof of financial assets to purchase the Agency. The buyer will also meet all requirements of Farmers Insurance.
Facilities: The office is in a high visibility area that generates walk in clients. The office lease, phone, fax and staff are fully transferable to the right buyer.
Competition: Competition always exists in P&C Insurance. Farmers Insurance Clients tend to be loyal to the brand and to their policies as long as customer service is maintained and rates don’t change drastically.
Growth & Expansion: Primarily a renewal book. Farmers Insurance provides excellent marketing support to help you continue to grow this book of business.
Support & Training: Comprehensive training provided by Farmers Insurance
Financing: Available with the right offer
Reason for Selling: Illness
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