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Listed by:

NW Franchise Consulting

Insurance Agency For Sale - Salem, Illinois

Salem, Illinois, US
Asking Price:
$829,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,200,000
Cash Flow:
$250K - $500K

Established and highly regarded as one of the top national coverage insurance firms, this Salem, Illinois based insurance agency with a business book of $5.2 million in recurring policy premium renewals is currently for sale. Includes a professional office location, fully trained staff, office equipment, office furniture, computers, office supplies, Marketing materials, company signage and a very significant and loyal (high retention rate) customer base. Excellent training and licensing program. No insurance experience necessary. Seller may be willing to offer financing to the incoming buyer. With the current high commission incentives paid on new business policies and the lucrative annual bonus opportunities, this office has the potential to generate significantly increased Gross Revenues for the owner over the next 12 months.

PLEASE NOTE - This agency must be operated under the brand name of this national insurance firm and cannot be combined with any other brand of independent or captive insurance business. Also, it cannot be acquired into an investment manager's portfolio of businesses. Purchase of this insurance agency requires the buyer to be onsite at the office location and reside in or near the local community.

Property Information

Real Estate:

Lease

Lease Terms:

Assumable and renewable.

Location:

High visibility location in a professional office building near convenient road access.

Premises Details:

Asking price includes all assets such as office equipment, office computers, office furniture, office supplies, Marketing materials, company signage and more. Employees will stay on with the new incoming owner. Nice professional looking office location with free parking. Current owner will assist with the transition and the existing office lease is transferable to the new owner.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Salem has a highly affordable and stable economy with a low unemployment rate. The cost of living is low and the primary pillars of the local economy are manufacturing, healthcare and retail.

Competition / Market:

Typical local competition.

Reasons for selling:

Career path change.

Trading hours:

8:30am - 5:00pm Mon-Fri

Employees:
3
Years established:
8

Other Information

Support & training:

Full training and support to the both the Agency owner and all new staff members and Sales Agents.

Financing available:

Multiple lenders are familiar with this brand of insurance.

Furniture / Fixtures value:
$12,500 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price