Insurance Agency For Sale - Wakefield/South Kingstown, Rhode Island
Established and highly regarded as one of the top national coverage insurance firms, this Wakefield / South Kingstown, Rhode Island based insurance agency with a business book of $8.5 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. SBA loan funding sources are available. Seller may be willing to offer partial 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 increased Gross Revenues for 2026 and beyond. 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 office location with convenient access to busy roads, good signage and free parking.
Employees
4
Lease Terms
Assumable and renewable.
Real Estate
Lease
Relocatable
This business can be relocated
Trading Hours
8:30am to 5:30pm Mon-Friday
Management Type
This business is owner operated.
Years Established
10
Support & Training
Ongoing training and support for owners, managers and all current and future staff members.
Expansion Potential
As the commercial center of South Kingstown, Wakefield benefits heavily from local foot traffic and seasonal tourism from nearby beaches. A significant portion of the working population is employed in executive, management and professional occupations. Lots of growth opportunity as the high median family incomes will be a good match for insurance coverage services.
Competition / Market
Some local competition.
Inventory / Stock Value
$1,500 - included in the asking price
Reason for Selling
Career path change
Financials
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