Profitable Insurance Franchise Specializing in Auto Insurance

Hollywood, FL
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Asking Price:$1,100,000
Gross Revenue:$934,668
FF&E:$10,000
Cash Flow:$173,408
Rent:$3,803
Established Year:2010
BUSINESS DESCRIPTION

Franchise Insurance Agency with a very large book of Auto Policies

Profitable Insurance Franchise Specializing in Auto Insurance- One of South Florida’s Iconic Franchise brands, this location is on a major North/South artery in a busy storefront location. This company provides Standard/Non-Standard Insurance for Auto/Homeowners/ Business/Boat & Ticket Defense. They have established appointments with Progressive/Star Casualty/United Auto/Ocean Harbor/Gainsco/Kemper/Legacy/Ascendant/Citizens/Foremost/Universal Property/AM Wins & more. 563k in net commissions after royalties. Owner Benefit of $173k+ in 2023. Two experienced 440 license staff in place that will stay with the new owner. The lease extends to 2028 with a monthly rent of $3803. Buyer pays any franchise training fee/landlord transfer fee of $7500. Franchise training in Miami. 220 LICENSE IS REQUIRED!


DETAILED INFORMATION
Location
Hollywood, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
31/05/2028
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This location is on a major North/South artery in a busy storefront location
Support & Training
Two experienced 440 license staff in place that will stay with the new owner 4 weeks no cost
Reason for Selling
Relocation
Franchise
This business is an established franchise
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Russell
Cohen
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Russell Cohen