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Established Insurance Agency For Sale - Belleville, Illinois

Belleville, IL, USA
Listed 155 days ago

Established and highly regarded as one of the top national coverage insurance firms, this Belleville, Illinois based insurance agency with a business book of $4.1 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.

Location

High visibility location in an upscale business office building near convenient road access.

Employees

3

Lease Terms

Assumable and renewable.

Real Estate

Lease

Trading Hours

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

Management Type

This business is owner operated.

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.

Years Established

8

Support & Training

Includes ongoing training and support for the Agency owner and all future staff and Sales Agents.

Expansion Potential

Only 15 miles Southeast of St. Louis, Belleville features an affordable and diversified economy anchored by the military (Scott Air Force Base), healthcare and manufacturing. As the economy continues to expand, demand for insurance services will increase as well.

Competition / Market

Typical area competition.

Inventory / Stock Value

$1,000 - included in the asking price

Reason for Selling

Career path change.

Financials

Asking Price
$675K
RevenueMost Recent Year
$41M
Earnings (SDE)Last Reported
$100K - $250K
Assets ValueIncluded in Asking Price
$13K
Seller Financing
Not available

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