Great Insurance Agency looking for successor

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

2,500

Employees

2

Facilities

Client/Policyholder List: One of the most valuable assets in an insurance agency purchase is the list of clients or policyholders. This includes detailed information on existing clients, their coverage types, and renewal cycles. The relationship with clients is often key to the agency’s long-term revenue stream. Insurance Contracts: The actual policies the agency has sold and is managing, including commissions from ongoing premiums, renewal income, or residuals. These are often the most significant financial asset.

Competition

Farmers Insurance has a positive outlook in Minnesota's market due to several factors that contribute to its potential for growth and success in the region. Minnesota, with its diverse population, large number of small businesses, and need for comprehensive insurance coverage, presents a strong opportunity for Farmers to expand its market presence

Growth & Expansion

Well-Known National Brand: Farmers Insurance is a trusted national brand with a long history. In Minnesota, Farmers' reputation as a reliable, customer-centric company gives it a strong competitive edge in attracting new clients. The company's commitment to providing personalized service through local agents resonates well in Minnesota's community-oriented culture. Proven Track Record of Customer Service: Farmers' focus on strong relationships with clients, coupled with its focus on understanding local needs.

Support & Training

Agency Support Teams: Agents have access to dedicated support teams that assist with operational, marketing, and customer service tasks, allowing them to focus more on building their business and working with clients.

Reason for Selling

Focused on another business

Franchise

This business is an established franchise