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Profitable Award Winning Agency

Waukegan, IL
listing image
Asking Price:$300,000
Gross Revenue:$480,000
Established Year:2018
Cash Flow:$150,000
FF&E:$25,000
Listing ID: 2305595Listing provided by BizBuySell
BUSINESS DESCRIPTION

Diversified agency with strong retention rate and established location

This is a rare opportunity to acquire a well-established Farmers Insurance agency with a $3M+ book of business located in Waukegan, IL. With nearly 7 years of successful operation, the agency has consistently earned Topper Club recognition for 6 out of 7 years, a testament to its exceptional performance and reputation.

Highlights of the Agency:

Profitable and Diversified Portfolio: Revenue streams include 45% auto, 40% property, 7% business insurance, and 8% life and miscellaneous products.

72%+ retention rate, reflecting a loyal client base and strong customer relationships.

Geographic Reach: Licensed in IL, WI, and MI, with the majority of clients in IL and a portion in WI.

Location Flexibility: The agency operates from a highly visible, owned building in Waukegan. Buyers have the option to purchase, lease, or relocate the agency to another location.

Established Foot Traffic and Online Presence: Strong exposure through Google Business Listing and a steady flow of clients from the area.

Potential Staff Continuity: Current staff (2-3 employees) are willing to stay on board, offering operational continuity.

Why This Agency?

This agency offers a turnkey operation with a solid client base, an award-winning track record, and opportunities for growth in business and life insurance lines. Perfect for an experienced agent or investor looking to expand their portfolio or enter the Farmers Insurance network with an established, profitable agency. Agency established in 2018.

Reason for sale:

Transitioning to leadership role with Farmers Insurance.

DETAILED INFORMATION
Location
Waukegan, IL
Inventory
Not Included in asking price
Building SF
1,600
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The agency operates out of an owned building in a highly visible and accessible location in Waukegan, IL. The building can be purchased separately, leased, or the agency can be relocated at the buyer’s discretion. Furniture, fixtures, and equipment (valued at $25,000) are included in the sale to ensure a seamless transition for the new owner.
Competition
The agency serves clients across Illinois and Wisconsin, with the ability to sell in other states as licensing allows. While the book is diversified, the majority of clients are Latino/Hispanic, reflecting a strong focus on this growing community. Its retention rate, award-winning reputation, and Google visibility set it apart, with growth potential across all lines.
Growth & Expansion
The agency offers significant growth potential in life and commercial insurance, with opportunities to cross-sell to an established client base. Expanding into underserved regions in Illinois and Wisconsin and leveraging licensing to sell in additional states can drive further growth. Effective recruitment, marketing, and agent development will be key to unlocking this potential.
Support & Training
As a leadership role within Farmers, I will provide initial support similar to what I offer other agents. Farmers University and corporate resources are available to aid in the transition. While turnkey, prior experience in insurance, sales, or management is recommended for success. Existing staff may also remain to ensure continuity.
Reason for Selling
Transitioning to leadership role
Franchise
This business is an established franchise
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Adrian Rivas
Phone Number
Adrian Rivas
Call Phone