Insurance Agency For Sale - Blue Island, Illinois

Description

Insurance agency for sale in Blue Island, Illinois.

The asking price is $299,000 and includes furniture, fixtures, equipment, supplies and other operating assets.

The listing reports approximately $1.9 million in revenue and cash flow ranging from about $50,000 to $100,000.

It also describes a book of business representing approximately $1.9 million in recurring policy premium renewals. Buyers should confirm whether the reported revenue figure refers to written premium, agency commissions or another measure.

Included in the sale

• Existing customer book
• Office location
• Trained staff
• Furniture and fixtures
• Computers and office equipment
• Supplies
• Marketing materials
• Signage

Training and assistance with required licensing are available to the buyer.

The agency must continue operating under the existing national brand. The seller states that it cannot be combined with another insurance brand or held as part of a passive investment portfolio.

The buyer is expected to work onsite and reside locally, subject to the agency agreement and carrier requirements.

SBA financing and possible seller financing may be available to qualified buyers, subject to lender, SBA and seller approval.

Buyers should verify commission revenue, premium volume, policy retention, carrier appointments, customer concentration, employee arrangements, franchise or agency agreement terms, licensing requirements and financing terms during due diligence.