Top Producing Farmers Agency with $6M+ in Annual Premiums
| Asking Price: | $1,250,000 |
| Gross Revenue: | $578,000 |
This high-performing personal lines insurance agency is located in Tucson, Arizona. The agency utilizes a multi-carrier quoting system to provide clients with tailored insurance solutions. Licensed in 5 states, the agency is well-positioned in highly competitive markets, offering an excellent opportunity for growth and scalability. Approximately 80% of policies in force are auto/home/specialty insurance, with additional premium coming from life and miscellaneous policies. The book of business is large, with roughly $6M in annual premium in 2024.
The agency primarily serves individuals and families in Arizona, with Tucson accounting for the bulk of existing clients. However, the agency is equipped to serve any resident of Arizona due to its multi-state licensing and accessible service platforms. The owner is actively involved in the management of the agency, and works approximately 40 hours per week and is responsible for: overseeing daily operations and ensuring team productivity, managing financials, and other strategic duties. There are currently (5) additional staff members on payroll, handling service, sales, and administrative duties.
The business operates out of a leased commercial office space. All equipment is included, and consists of computer hardware, office equipment and office furniture; Actual Cash Value of equipment is ~$25,000. The seller will provide 4 weeks of training and orderly turnover to the new owner, at 20 hours per week. Additional training is available for a fee, at the seller's sole discretion. Seller is willing to negotiate a reasonable non-compete post-close of escrow. The owner is looking to relocate to a different state and embark on a new career adventure.
Sales revenue and Cash Flow(SDE) shown are an annualized amount for 2024 based on the period from July - October 2024.
The business is listed by HUB Commercial, an affiliate of Sunbelt Business Brokers in the State of Arizona. All listing information to be verified by the buyer during due diligence.
