Great Buy at below market value $2.25 Mil Insurance Agency
Lexington County, SC
| Asking Price: | $340,000 |
| Gross Revenue: | $190,919 |
| FF&E: | $6,000 |
| Cash Flow: | $190,000 |
| Rent: | $650/Month |
| Established Year: | 2016 |
Listing ID: 2309057Listing provided by BizBuySell
BUSINESS DESCRIPTION
Incredible opportunity to enter the insurance industry at great price!
This is a great buy at a below market value price! A scratch established agency that has been evolved into good retention and a great loss ratio. It was originated as a scratch agency with incredibly fast growth that was bought 3 years later by a seasoned veteran owner that laser focused efforts to cement the retention with quality service and renewal processes directed toward persistency. Now entering the agency's eighth year it boasts a 41.22% loss ratio and a climbing retention of 82.4%. You won't find a better value purchase anywhere!
DETAILED INFORMATION
Location
Lexington County, SC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Highly visible location in the main hub of the community. Within the building complex of one the most popular restaurants in town and across the street from Walmart and many other businesses. The office is 1200 sq ft with all amenities to successfully operate the agency. Five desks, 5 computers with extra monitors, 4 duplex printers and a scanner. One board room table and plenty of chairs.
Competition
This business is located in the busiest area in the town. It, as mentioned earlier is in the same complex with one of the two most popular restaurants in the area, and across from Walmart, two doors down from a large Chevrolet dealership and in the middle of the town municipal offices.
Growth & Expansion
The area is one of the fastest growing in the state, with new subdivisions going in all around. Great schools and a great community. This book is also versatile in that it is not grossly populated in one specific area but was grown all around the state.
Support & Training
All of the staff is trained and can stay on with new owner.
Reason for Selling
Planning to retire after 36 years in the business.
Franchise
This business is an established franchise
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