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Independent Insurance Agency – SOLD!


Independent Insurance Agency – SOLD!

Primarily Medicare Plans

REF# 3107


SOLD!



$750,000

Southwest Missouri


Detailed Information

Years   2018
Gross Revenues toottip   $359,000
CASH FLOW - DE toottip   $261,000
Years   2018
Gross Revenues   $359,000
CASH FLOW - DE   $261,000
Inventory toottip Not Included $
FF&E toottip Included $15,000
Leased toottip Included
Building Size SF 1,000 Sq. Ft.
Established 1993
Inventory toottip
$ (Not Included)
FF&E toottip
$15,000 (Included)
Leased toottip
(Included)
Building Size SF
1,000 Sq. Ft.
Established
1993
Facilities
The agency is located in a strip center a short distance from an interstate highway. The seller rents from a family member at a below market rent rate. A new owner will need to enter into a new lease agreement at a fair market rent rate. The Cash Flow indicated has been adjusted to allow for an increased cost of building rent.
Support Training
Seller will assist in supporting a smooth transition of ownership, and is willing to be involved for an agreed upon period of time post-closing, further making this a great opportunity for a new owner.
Reason for Selling
Retirement

Business Description

    This is an ideal opportunity to purchase and operate a highly profitable health and life independent insurance agency, specializing in Medicare Supplements and Advantage Plans. Known for great rates and great service, the agency is well-established, and has been in continuous operation since inception from the same location. Primary carriers represented include, Anthem Blue Cross, Coventry, United HealthCare, Humana and Mutual of Omaha. There are approximately 1,500 policies currently in force and this number continues to grow. Located in Southwest Missouri, the primary service area encompasses a 4-county area surrounding the office location. The Seller desires to retire and will participate in a smooth transition of ownership, and is willing to be involved for an agreed upon period of time, further making this a great opportunity for a new owner.

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      Tim Gregory- Kingsley Group Business Brokers of Springfield Missouri

      Tim Gregory Kingsley Group

    Your Business Sales, Mergers & Acquisitions Specialist