Banking & Finance Businesses for Sale in San Bernardino County, California
San Bernardino County, California
Banking & Finance
1 result for "Banking & Finance" businesses in "San Bernardino County, California"
San Bernardino County, California
Banking & Finance
1 result for "Banking & Finance" businesses in "San Bernardino County, California"
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Chino, California
High-Potential Consistent-Performing Farmer’s Book
$ 375,000
CF : $ 172,332
This 20-year-established Farmer’s agency boasts a diverse, 100% owner-operated book of business. With a history of smooth integration and high client loyalty, it provides a reliable, plug-and-play platform for a new operator. Do not inquire further if you do not have a Farmer’s appointment. The 1,163 policies have averaged $23,500 in monthly commission over the past 4 years. 353 policies are Auto, 670 are Fire/Home,with around 50/90 for Commercial and Life. Details in the CIM. The client portfolio primarily consists of middle-aged households and business owners with multiple insured assets. These clients tend to value professional advice and service quality over price-shopping, which supports retention and policy longevity. A Buyer MUST have sufficient financial credentials to qualify and a Farmers appointment in good standing. Additionally, a Farmer’s representative must approve a sale, and the potential buyer must meet Farmer’s financial guidelines as outlined in the CIM. One full-time CSR/Producer and one part-time CSR, earning a total of $7,000 per month, round out the staff. Operating Expenses are a lean 600/month (utilities, internet, and insurance). NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: The 600-square-foot commercial/office space rents for $1,500/month (below market) with a fixed 3% annual escalation. The lease is fully transferable via a strong landlord relationship. Competition: Despite some upheaval in the California marketplace, Farmer’s is a respected name, and clients are loyal. Growth & Expansion: By integrating these policies into their operations, a buyer can quickly expand market share and revenue and potentially qualify for higher bonuses. Increasing the development and conversion of carrier-provided internal leads and expanding referral relationships would also spur growth. Financing: Will consider based on a high down payment and a short term.
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