S308 - Insurance Agency in NW San An

Insurance Agency in Northwest San Antonio

Location

City San Antonio
State TX
County Bexar

Financial Information

Asking Price $269,000 Show Loan Calculator
Down Payment
Annual Receipts $1,177,000
Cash Flow $73,000

General Information

Description Established agency providing services to the Northwest San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,039 policies in place, the business generated over approximately $131k in commissions last year with an 88% retention rate. 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 (within first two years). Business could be acquired with as little as 10% down with insurance experience, primarily P&C experience. The owner is willing to train the new owner for a smooth transition. The owner is also willing to stay on as a producer. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Doug Scheiding at 210-348-8989 or info@bbofsa.com.
Reason For Sale Nearing retirement age
Franchise No
Home Based No
Relocatable No
Year Established 1988
Year Acquired
Employees 1 FT 0 PT

Building Information

Building Sq. Footage 785 square feet
Monthly Rent $1382 /mo (exp. Sept 10)
Real Estate Available No

Contact Business Brokers of San Antonio for more information.