S301 – Insurance Agency in N.E. San

Insurance Agency in N.E. San Antonio

Location

City San Antonio
State Texas
County Bexar

Financial Information

Asking Price $375,000 Show Loan Calculator
Down Payment S40,000
Annual Receipts $176,000
Cash Flow $123,000

General Information

Description Established agency providing services to the North East San Antonio area. After over 30 years of business, the owner is wanting to semi-retire. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,200 policies in place, the business generated over $175K in commissions last year with an 90% retention rate. Business qualified for $11,000 in bonuses in 2009. This is a perfect opportunity for someone to get into the insurance industry or if relocating this is an excellent book of business to build from. You should have or be willing to obtain P&C, Group-1 Life & Health licenses, and Series 6 & 63 licenses. Some Seller financing Available. Business could be acquired with as little as 10% down with insurance experience, primarily P&C experience. The owner is willing to stay on long term as a producing agent and is also willing to train the new owner for a smooth transition.
Reason For Sale Retirement
Franchise No
Home Based No
Relocatable No
Year Established 1972
Year Acquired 1972
Employees 1

Building Information

Building Sq. Footage 1,190
Monthly Rent $937
Real Estate Available No

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