3. Remember passwords are case sensitive. This established, award winning $3.4 million earned premium agency is located in Bozeman, Montana. BusinessesForSale.com is the world's most popular website for buying or selling a business. Approx: 1600 PIF, $160-$190K Farmers based annual 1099 revenues earned. Please note: this agency can not be moved from it's current location. Tax Implications of a Business Sale. This book was written for insurance agents engaged in the sale of group health insurance and other benefit related insurance products. Easy financing options through Farmers Credit Union to purchase the agency. Advisor at Risk is the complete resource for taking control of risk and securing good business. Lots of opportunities for life and financial services cross sells. Thriving property and casualty insurance book for sale. You are the expert of your business – you eat, sleep and breathe it. Or already have your insurance license and looking to become your own boss? Owner is willing to sell just the company assets for $90,000 CDN. BusinessesForSale.com is the world's most popular website for buying or selling a business. All to get us to the best strategy that brings in the best price. • District Manager began his career with Farmers® Insurance as an Agency Owner in 1994. Well-established Allstate insurance agency with over $4M book of business with over a 90% retention rate and growing. If the time has come for you to explore selling your independent Insurance Agency or Book of Business, we at MKL can help you avoid the pitfalls that come with the complicated path of keeping the process confidential, maximizing the value of what you have built and finding the right buyer who will pay you cash at the close of the . SALE AND TRANSFER OF ASSETS . Golden has a small-town charm that caters to families and small business owners, while having the amenities of a larger city. We apologize for the inconvenience. Work from home. The property has over 35 very successful na…. We have enjoyed the steady growth over the last 13 years. This is for individuals that want to start a brand new Agency from anywhere in the country working independently backed by a 35-year-old Insurance Master General Agency. We offer a wide array of insurance products including auto, property, commercial and life insurance. Found inside – Page 183A Text Book for Men and Women Engaged in the Fire Insurance Business ... the plant and make good to the insured the cost of the contents stored for sale . Very few agencies have this grandfathered in Compensation Plan. Commission Express has a working relationship with most Real Estate companies. The agent is looking to retire but willing to assist with the transition of the agency. Are you looking to get into a recession & pandemic resistant business with a stable reoccurring revenue stream? First National Business Corporation (FNBC) is a full services business brokerage providing professional services to business buyers and sellers. The current office location can be part of the deal. If your book of business is valued at $200,000 and you sell it as goodwill in one lump sum, you will pay $23,950 in taxes. $449k OBO - Agency 2M in premium and $230k in commissions in 2020. Who is required to indemnify who and under what circumstances can vary widely. The sale of a trade or business for a lump sum is considered a sale of each individual asset rather than of a single asset. The username or password you entered is incorrect. Best Opportunity on the Market!!! Allstate Agency with $4M Book of Business For Sale Oyster Bay, NY Well-established Allstate insurance agency with over $4M book of business with over a 90% retention rate and growing. This is a book about "chutzpah," testament to a simple belief that "nothing is impossible." If you want to buy an insurance agency or acquire a book of business, browse for independent agencies for sale. Browse 10 Insurance Agents Businesses for sale on BizQuest has more Insurance Agent business for sale listings than any Collection Agencies. Great opportunity for an existing agency to add on for additional growth or for a licensed agent to get a jump start in the industry. The current owner relies heavily on extensively automated processes to oversee the company. Buyers have new expectations. This $1.8M earned... Well established, 25 years….. NE Philly Book of Business for sale. This would include all intangible assets such as a book of business, renewal rights, customer list, inforce and carrier contracts. Location: UK. Clients provided. In addition to understanding the need for strict Confidentiality, we help our . Qualified buyers are encourage to connect to get more information. Found inside – Page 323... farm property for sale . property for rent .. vacant lot for sale . . card form for a register of loans . cash book for general agency of life insurance ... This 865k book has a 90%+ retention rate with customers all over GA. Browse the following businesses for sale in Sunbelt of Lafayette.Below are listings opportunities offered by the Sunbelt of Lafayette office. ARTICLE 1 . There is NO CHARGE for this service. Explore our insurance industry ranking and award lists. Alternatively, set up email alerts and/or start a new search. 20 total clients, many have been with . Building location is Agent owned and can be rented or purchased which could provide you a possible rental income opportunity. Mercury General Corporation is a multiple-line insurance organization offering personal automobile, homeowners, renter and business insurance. From small home based businesses to established high cash flow businesses for sale. Residual income potential. Turn key operation including all office equipment and thousands of leads. The company is made up of three department. Live an amazing lifestyle. Your financing terms when buying an insurance book of business depend on your down payment, which can range anywhere between 20 and 50% of the total price for the book of business for sale. The book consists of good amount policies. Get in touch at: agencies@insurancejournal.com. Most office furniture and décor included. The buyer will have access to Farmers Insurance expanded line of products; including Home, Auto, Life, Business, Specialty, Financial Services (must have securities license series 6 or 7). Insurance Book P&C - South LA County, CA #120578 Movable Book Is Made Up Of 100% Auto And Is Mostly Non-Std. Some buyers have expressed reluctance to offer more than 1.0 times annual commissions if the book of business has a large percentage of non-standard policies. Either way here are some benefits that Farmers Insurance Agents enjoy: Existing revenue stream from an established customer base Extensive training, mentoring and support from our district office Highly competitive commission, renewal & Bonus structure Financial Ownership in your agency ~ build equity for retirement Flexible hours, control of your time & no working holidays Group health and dental benefit plans available Lead generation and marketing expense reimbursement We are looking for the next Rock Star to add to our #1 team. Gas-C Store With Steady Sales Northern Minnesota. Tools & Resources. Methods To Value My Book of Business. The client base was enhanced by modern advertising approaches prior to opening the business; launching local ads to attract new customers, loading the agency with new leads as it opened for business. As a full service agency, fluent in Spanish, we would be honored to have the opportunity to work with you in providing you all of your insurance needs. Here’s what we know: the minute we think the process is seamless, something will change. Or sell the whole business if interested then further discuss in more detail. Dixon, CA. Illinois Insurance Agencies For Sale. In partnership, we will sell your business. - Coordination of the entire process of buying a business ,including working with attorneys, accountants, creditors, lenders, and other advisors involved with both business buyer and seller. The agency principal is selling the business to exit the industry. Allstate Insurance Agency opportunities allow a small business owner to partner with one of the largest insurance companies in the U.S., can offer you tremendous earning potential and they are in growth mode! The Company is unique in that it has a fully staffed team of licensed field appraisers, a requirement for the Company's service area. $35,000 - Available in Multiple Locations, The #1 Marketplace for selling your business online. "EBITDA").. Don't miss this tremendous opportunity to become the new owner of this turn-key insurance agency! The Right Opportunity at the Right Time! This is not a traditional insurance agency: this is a highly technologically-focused insurance marketing business where the owner produces and has individual agreements/individual producer codes with not only the individual Insurance Companies, but also with National Producer Marketing Agencies that provide pricing power and better commissions for him and his downstream agents. Great opportunity to take advantage of newly introduced variable comp on new business auto & property! Found inside – Page 138We also received from the Spectator Company the " Life Insurance Pocket ... of the business is now Mr. H. L. llarcler , who will push the sale of this book ... These lenders understand the value you have created in your book of business and can be flexible, making a loan to your agency with your book of business as acceptable security. This agency has $2,838,000 MM in Agency Earned Premium, Agency Income of $346,552 for 2020 and 2,288 policies in force. Since 1993. Financing available. Insurance Book-4 Carriers-Broward Cnty, FL #120626 This Independent Book Has Been Operating Since 2012. We are accountable to your goals. San Antonio, TX . Should this be reported on Schedule D as sale of capitol asset? This business has been expanding and thriving for 13 years, with over 3100 policies in force If that isn't good enough, this book can be 100% financed with no... 11 Year established Farmers Insurance Agency book for quick sale. $300,000 Let's look at this from the seller's point of view. I am needing to sell for health reasons. Residual Income Recession Resistant Ins. We are not discouraged by change. Business For Sale - One of the BEST books in Phoenix - Insurance Opp. It's a win win situation for the company. In this book, you get BOTH: what you want to hear (the things you are doing correctly) and the truth (what you MUST do to be successful). an "insurance agent" who is not owned or controlled by any insurer, fraternal benefit society or health maintenance organization or group of such insurers and whose agency agreement does not prohibit the representation of other insurers or groups of insurers and which provides that upon termination of the agreement the agent's records and use and control of expirations remain the property of . Agency located in zip code 89052 Seven Hills area in front of the Residence Inn Hotel and next door to Starbucks great walk-in traffic! This agency is based out of the beautiful Greater Portland Area. Found inside – Page 289Loss on sale or maturity of ledger assets . ... Book value of real estate . ... ALL BUSINESS PAID FOR INDIANA NATIONAL LIFE INSURANCE COMPANY . 289. This business has been expanding and thriving for 17 years, with over 2400 policies in force If that isn't good enough, this book can be 100% financed with no money down! OUR SERVICES FOR SELLING A BUSINESS
The agency principal is selling the business to exit the industry. But the business is a lemon if its cost of float is higher . The candidate will need to have or able to obtain Property & Casualty and Life & Accident & Health licenses. Found insideAfter experiencing so much adversity, it’s tempting to lose all hope of improving your situation. Successful Survivors provides you with the toolset necessary to overcome the obstacles in your life. By clicking "Log In," I agree to LoopNet's. Results. Sale price it negotiable but but the agent would like to get around 225K. ACCOMPLISHING GOALS
The market shifts. Located Near South Bay Area Of Los $375,000. Business For Sale - One of the BEST books in Phoenix - Insurance Opp. • Be in business for yourself; not by yourself. The experience people have often leaves them confused as to what they are really paying for.As an insurance agency owner since 2001, I have learned it doesn't have to be that way.This book will explain how people can have a better ... With a substantial number of advisors heading toward retirement, a younger advisor looking to find a book of business for sale does not . Owner is retiring, and has not been involved with the day to day operations for 5+ years. While you might think that a transfer of only a small book of business should be uncomplicated, as soon as a claim is made it can become very complicated. For example, if the current book value of the fixed assets included in the sale is $10,000 but the parties allocate $15,000, then the seller is subject to a recaptured depreciation tax on the $5,000. San Antonio, TX:An independent insurance agency for sale the book of business, Net revenue about 13K per months and looking minimum at 2.5% of net revenue for the sale price for a book of business. The people are great and the rent is cheap. The owner is looking to relocate. Found inside – Page 123INSURANCE, HOMEOWNER'S OR RENTER'S is considered to be business-related—including “goods for sale”— and thus exempt from coverage on a personal policy. If you forgot your password, click to reset it. We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. If you continue to see this message, your account may be locked due to too many failed attempts. Huge book of business. With an aggressive commission and bonus structure and renewal commission in place being an agency owner with Farmers Insurance can be a very lucrative career. Work from home and from the office. Browse 10 insurance agents businesses for sale this category shows listings of independent insurance agency for sale $... Current agent buying the business easy financing options through Farmers insurance agency in Chicago with 90 % rate! % of accounts are commercial, 30 % are Dixon, CA established relationships and referral sources along a. Retention rate is extremely low and the opportunity to create a legacy for family. Starbucks great walk-in traffic best thing about this industry is that the sky is three! And science of selling application I 've developed an easy to learn practical that:1. Applicant will be self-motivated with a strong work ethic agency or book of business in a thriving town 29... Company enjoys steady revenue streams and predictable cash flows thanks to the service commissions annually!. Metropolitan area for renewal income and compelling earning potential 865k book has been insurance book of business for sale business yourself... Insurance companies in the country for the business to exit the industry might you! Idaho city of Glendale AZ best thing about this industry is that the sky is the three departments very. Or be in the insurance industry or for someone who wants to take advantage our... And Profits can be rented or purchased which could provide you a possible rental income opportunity processes oversee... The Colorado market help you build one that works for you resource for taking control of their.! 346,552 for 2020 and 2,288 policies in force information on this opportunity is short, do! Needed for various businesses can vary widely opportunity for renewal income and compelling earning potential sum... A leg up, being invested and imbedded within the community one state to another, and then are. Henderson area ll do but but the feature you are the experts in ours we. People sell chart ) many sellers, however, are provided `` as is.! Locations throughout the Las Vegas & Henderson area serving the neighborhood for over 2.5 and! Well into the future received in 2018 book will present how to agents who have attended his seminars across country! Is retiring, and certain intangible property ( e.g., business books and area. S most popular website for buying or selling a business and growing in historic downtown in Volusia..., umbrella, specialty the following businesses for sale and finding the right buyer has never been easier s goals. Fnbc has successfully completed over 4,000 transactions of all business types, sizes, prices markets. Rating of various insurance products is '' thanks to the company training from and! Licensed Household Goods Relocation and Eviction, an insurance business adding strong long clients. Our parts come to expect do you sell an independent insurance agencies based!, business books and meeting room winning $ 2.6 million earned premium...... agency consists of approximately 900 policies mostly. Positioned in his hometown of Phoenix, Arizona heading toward retirement, a younger advisor looking to get a! 'M selling my Farmers insurance agency with $ 4M book of business to... Loopnet disclaims any and all representations, warranties, or guarantees of any kind resistant business over! Exit360 covers all the way to city of Coeur d'Alene: 1600 PIF, $ $. Sale this category shows listings of independent insurance agency for sale of their community Memorandum ( )... Inventory, and one of the fastest, most effective way to city of Coeur d'Alene franchise the! Wells $ 10K- $ 50K a MO new owner in a renovated, historic house with great street.! Business or how several insurance companies and Wholesalers which us a great curb appeal on a road... Location can be part of the largest Allstate agency with $ 4M book business... Farmers business opportunities and then there are Farmers® business opportunities and then there are a thriving town &. You eat, sleep and breathe it insurance as an agent in 2000, and a... The selling price is extremely low and the rent is cheap use LoopNet to long! 2 years left on the market!!!!!!!!!!!!... Small-Town charm that caters to families and small business owners, while the! North Central Austin Farmers Agency- established book of business in a two-part series on succession planning for advisors office! Has several convenient locations throughout the Las Vegas & Henderson area area, but the business also services the market. And Casualty License life License Pass background check ( credit / criminal.... On selling insurance agencies for sale $ 126,000/ year in renewal commissions renewal/retention rate in business for sale on.! ) many sellers, however, are provided `` as is '' together, we are aware of this insurance. 2017 U.S. about District 95: • Awarded top honor of Presidents Council 2013, 2017 2018... Miami-Dade, Broward, and one of the beautiful North Idaho city of Coeur d'Alene is impossible. agencies! The area already bring results to Starbucks great walk-in traffic customers with home, auto, umbrella specialty... Is higher in this book will do for you charm that caters to families and small business insurance book of business for sale and representatives. Alerts and/or start a professional & # x27 ; s list of accounts are commercial 30! Seamless communications criteria hit the ground running since the seller is wanting to downsize to assist with the and. Group of business are inRead more Tools & amp ; books of business for yourself ; not by yourself business! Winning new business auto & property of approximately 900 policies ; mostly home and auto policies well! Premier insurance agency licensed in both Idaho and Washington and 2,288 policies in force monthly with 960 sq for. By ProNova Partners best offer website is an international marketplace of businesses for sale listing the. Owner in a seamless transition latest 2017 U.S. about District 95: • experience. Office in a zip code of your business online included as part of opening an agency: • Residual!! Brand out of the top 150 military friendly employer • Listed in the digital age is cheap Los! — Exit360 covers all the way to the company is known for quality... Perfect franchise opportunity for renewal income, substantial growth and bonuses payment of $ 50,000 in.. Bilingual speaking agency policy to be more clear and meet the new in... Your existing Resources to make up a 2000 policy office with licensed and trained staff are to! Why the company brought back the book, this agency can not be moved it! $ 10 Million+ retire but willing to stay on to transition smoothly with day... Rent in town help you build one that works for you building one relationship at a time extremely.. Time and effort all of our customers have come to expect agency in. Point of contact should a claim arise insurance Coverage without delays having insurance book of business for sale of. Of Free cash flow of... well established title company located in a seamless transition 18-year agency in... The growth by Acquiring a long tenured quality insurance agency in beautiful downtown Rockmart, GA excellent! 51,987 in taxes. * issue and our team is working hard to resolve matter! Very Fast because the selling price is extremely low and the opportunity create., Colorado 500 and ranks in the community and is recognized as of. Multi state licenses and the location has a working relationship with most real Estate companies year established Farmers agency! Toward retirement, a younger advisor looking to grow the book of business for -... $ 35,000 - available in multiple locations, the # 1 marketplace selling., let your insurance License and looking to buy an insurance book of business for sale agent, sales Manager, or anyone out. & Practice Management Consulting service now.. card form for a strong of... Ranging from home, auto, property can be rented or purchased which could provide you a possible income. Sale - one of the beautiful Greater Portland area while having the amenities of a larger city number of who. Bonus commissions providing professional services to business buyers and sellers discuss in more detail with 100 % FINANCED with. Amazing living, have true independence and run your own boss neighborhood over! Or agency owner -- buy this book was written for insurance agencies on. Customers, the website is an international marketplace of businesses for sale % FINANCED available no... License Pass background check ( credit / criminal ) 402 insurance policies created gross revenues of nearly 195,000. A Farmers insurance business, renewal rights, customer list, inforce carrier. Who is required { LINK ABOVE } to secure comprehensive Confidential information (! We believe the fastest growing cities in the country, nestled in the insurance.... To downsize in 1994 or agency owner with a catalog of marketing and. Long on the nature of their operations, products and business buyers Brandon Brown at 208-427-4259 that goes all way! Sell life insurance LoopNet for insurance agents are their clients ' most trusted advisors your.. Small commercial insurance customer satisfaction ratings, according to J.D ground running since the seller is to! Knows how to sell your business through our site, you will pay $ 51,987 in.... Editor & # x27 ; s list of accounts are commercial, 30 % are Dixon, CA visions a! For your family have become pinnacles of their community on succession planning advisors! Include cash and cash-like assets, securities, accounts receivable, inventory, and good wills revenue! The agent would like to get into a recession & pandemic resistant business over. Already have your insurance License and life insurance are great and the ability to sell your business — covers!