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Finance & Insurance

Insurance Agency In Morgantown, WV

Morgantown, WV, USA
Listed 186 days ago

Established and highly regarded as one of the top nationwide insurance firms, this Morgantown, WV based insurance agency with a business book of $2.9 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 increased Gross Revenues for the new owner. PLEASE NOTE -This agency must be operated under the brand name of this nationwide 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 near main access roads and lots of free parking.

Employees

2

Lease Terms

Assumable office lease, inquire for least terms.

Real Estate

Lease

Trading Hours

M-F 8am - 5pm

Management Type

This business is owner operated.

Premises Details

All assets are included with the asking price: office furniture, office equipment, computers, office supplies, computer supplies, Marketing materials, company signage and a large book of loyal local customers to build your business referrals with.

Years Established

10

Support & Training

Ongoing support and training for owners and all current and future staff members of the agency.

Expansion Potential

Lots of growth opportunities in the Morgantown and surrounding areas.

Inventory / Stock Value

$650 - included in the asking price

Reason for Selling

Career path change.

Financials

Asking Price
$495K
RevenueMost Recent Year
$2.9M
Earnings (SDE)Last Reported
$100K - $250K
Assets ValueIncluded in Asking Price
$7,500
Seller Financing
Yes

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