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*MOTIVATED SELLER* - 2 Million+ Premium Edina Agency For Sale

Edina, MN
Act on this today!
Act on this today!
Asking Price:$250,000
Gross Revenue:$200,000
Established Year:1980
Cash Flow:$130,000
Rent:$900/Month
Listing ID: 2308324Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great location with bonus opportunities

Looking for an opportunity to become your own boss and enjoy the perks of controlling your time and income? Then consider buying an existing insurance business that is established with residual income, equity, and bonus opportunities at a fair price and not starting from scratch!

Why the insurance and financial services industry?

The insurance industry is one of the most resilient industries with stability- everyone has to carry insurance, and recession resistant with residual income and equity. With premiums and prices consistently rising, your income will rise as a result.

This agency for sale is a tenured agency with high retention and a loyal client base that you can cross sell to.

You will receive comprehensive training and support from a Presidents Council district and the highly accredited university of Farmers. With monthly bonuses, you could easily double or triple the revenue from this agency.

Overview:
Location: Edina
Bonuses: Monthly, Quarterly, and Annual Bonuses
Sign-On Bonus: $5,000
Opportunity: Turnkey operation with loyal clients
Signage: Up to $6-10K available to rebrand the office
Hiring help: Up to $36,000 per licensed staff after the first year
Equity: Tap into the agency's equity to help you finance the purchase and grow the equity
Retention: 85%, surpassing state average
Motivated Seller: The current agent is retiring, presenting a golden opportunity for a motivated buyer to take the agency to new heights
Requirements: Must obtain insurance licenses (P&C and L&H) in addition to showing least $100,000 in capital on a financial statement.

This is a captive agency opportunity and not a Franchise. Don't miss out on this exceptional opportunity to acquire an insurance business with one of the fastest growing insurance companies in the US. Connect to learn more!

Serious inquiries only. Proof of funds and signing a NDA required for detailed financial information.

DETAILED INFORMATION
Location
Edina, MN
Inventory
Included in asking price
Real Estate
Leased
Building SF
900
Lease Expiration
31/10/2025
Employees
1
Facilities
The purchase will include files and furniture
Competition
The insurance business is very stable. You will be backed by one of the largest brands in the insurance business, Farmers insurance. Farmers insurance is rated A with over 24 Billion in surplus and has high marks for customer satisfaction. MN has incredible growth opportunities and you will be able to sell in neighboring states, offer insurance and financial services options for clients with over 20 products with the ability to broker business policies via over 80 carriers for unacceptable commercial risks.
Growth & Expansion
Farmers insurance is growing and investing in AI to help scale and grow. The ability to broker insurance is coming soon for personal lines but you can broker unacceptable business risks via Kraftlake, a Farmers company with over 50 surplus lines carriers now! You can sell Auto, Home, Business, Life, Group Life, Disability, Medicare, health insurance, annuities and Financial Services.
Financing
Financing available
Support & Training
Training and support from a President's Council District (top 1% in the US) with over 17 years of experience. You will also learn virtually with the highly rated University of Farmers in addition to support from a local district office to ensure your success.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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SAM KWAINOE
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SAM KWAINOE
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