This agency has $2,758,511 MM in Agency Earned Premium, Agency Income of $346,552 and over 2,300 policies in force.
This agency is almost 2 times larger than the average agency with plenty of room to grow.
The hardest part of opening an agency is building the book, this agency has already built a strong book of business
Building is 1500 sq ft. Rent is $1600 / month utilities not included. Lease is currently month to month.
Cross sell This agency has been 100% focused on Homeowners insurance for the past 3 years. They have hundreds of households that can be cross sold auto insurance, which will significantly increase agency revenue. Retention With an agency of this size, retention is just as important as new business. They are already higher than the state average, however making key moves to improve retention by 2% or more can greatly increase agency revenue.
All insurance companies will always be competition. This Insurance Company is focused on the preferred market, and have recently opened their doors to the Standard market.
The owner has spent the last 5 years growing this Insurance Agency's large book of business. He plans to work with his wife in real estate for the near term. If he elects to open another insurance agency, it will be in the Smyrna area, approximately 25 miles away. He is also willing to sign a 1 year non-solicitation agreement.
Will train for 4 weeks @ no cost They offer 24 different insurance products: Home, Auto, Life, Commercial, Specialty are main products They provide insurance reviews and personalized attention throughout the buying process. Licenses required: Agent: Property and Casualty Agent: Life and Heath