Farmers Insurance Retail Agency for Sale California

Farmers Insurance Retail Agency for Sale!
A great opportunity to purchase a mid-sized agency!
The book has approximately $700,000 premium with $80,000 renewal commissions.
Other agency for sales is asking more than 1.5x the renewal commission.
Current owner is moving to a different location and asking only 1x renewal commission of “$80,000”.
A lot of Monoline homeowner policy to cross-sell opportunities!
Great retention book of business!
Mostly Auto & Home with few BOP/WC

Total Premium: $700,000
Renewal Commission: $80,000
Asking price is $80,000
Location: Greater Los Angeles

The requirements are as follow:
• Satisfactory results of background check
• Property & Casualty License
• Life, Accident & Health License
• Minimum of $50,000 in assets (can be a combination of liquid, credit lines, and retirement plans such as 401k and IRA’s) THIS IS NOT MONEY PAID TO FARMERS, IT IS A REQUIREMENT AS PROOF OF CAPITALIZED AND FINANCIALLY RESPONSIBLE CANDIDATES
• Partnership with Farmers Credit Union helps with loans and financials

Call 213-267-3590 for more details.