Farmers Insurance Agency For Sale - Eagle Rock, Los Angeles

An established Farmers Agency in the trendy Eagle Rock neighborhood of Los Angeles is for sale. The area is undergoing significant gentrification, creating excellent opportunities for growth and diversification. There are limited number of Farmers agencies in the area. The agency has a stable clientele with very good retention ratio. The owner is to pursue other interests. The owner is willing to facilitate the smooth transition of ownership; to be negotiated.

The book of business consists of
. 710+ Farmers policies, including Homeowners, Auto, Landlord Protector, Umbrella , Renters packages, BOP and Life policies.
. 50+ non-Farmers policies, including CEA, Fair Plan, CPL, Flood and miscellaneous types.
. Composition is 98% personal lines and 2% commercial lines.
. $1,035000 in annual written premium.

The requirements are as follows:

1. Satisfactory results of background check
2. CA Property and Casualty License
3. Life, Accident and Health License
4. $70,000 in assets (liquid, credit lines, retirement account & other). This is not money payable to Farmers and is only intended as proof of sufficient capitalization for financially responsible candidates
5. Compliant retail office location with one licensed staff/employee

Start up incentives include:

1. Bonus structure of up to 3 years, in addition to residual commission
2. Quarterly bonuses
3. $10,000 office startup bonus
4. Training by Farmers.
The listing # 256167 Farmers Insurance Agency - Eagle Rock, Los Angeles below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Farmers Insurance Agency in Eagle Rock, Los Angeles please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

  Recent Listings By Related Business Types And Locations (See More Listings)
Available: Insurance Agency - Los Angeles
Posting #: 247958
Status: Active
Refreshed: 11/20/2019

Contact: Rick Carlson
Phone: 833-776-6682 X795
Phone: None Given

Price: $395,000
Adj Net: $41,979
Down: Call

A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of reoccurring clients speak primarily English and Japanese.
Wanted: Distribution And Service Companies - Southern California
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Status: Active
Refreshed: 11/4/2019

Contact: Iris Chen
Phone: 626-506-0300
Phone: None Given

I have a buyer looking for Distribution and Service businesses in So. CA. Has to have established management with at least 6 W2 employees (combined if multiple locations). If there is potential for the business to grow to hire more employees, it can be considered. Buyer has 200K-700K in cash.
Available: Commercial Insurance Service - Los Angeles
Posting #: 253878
Status: Active
Refreshed: 11/20/2019

Contact: Rick Carlson
Phone: 833-776-6682
Phone: None Given

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Confidential Information Memorandum (CIM) available upon receipt of our short online NDA Large, portable, construction-heavy book of commercial business is the result of six strategic acquisitions over eight years now offered as a collective opportunity for an established agency.
Available: Insurance Brokerage Firm - Inglewood, Los Angeles County
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Status: Active
Refreshed: 11/13/2019

Contact: Joe Negrete
Phone: 562-402-2686
Phone: 714-474-1216

Price: $195,000
Adj Net: $87,000
Down: $195,000

Established Insurance Brokerage specializing in Property & Casualty Insurance. Current and active book of Business with brand name carriers such as Infinity, Formost, Kemper, and Others. Consisting of Personal and Commercial lines - accounts. Buyer should to be a Licensed Insurance Broker.
Available: Commercial Insurance Company - Los Angeles County
Posting #: 256766
Status: Active
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Contact: Rick Carlson
Phone: 833-776-6682 X826
Phone: None Given

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Large book of commercial accounts, ~600 clients split (40% WC / 40% GL / 20% Commercial Auto & the rest no benefits). Has a direct State Fund Appointment, and acquirers with a direct appointment would likely have an easier go of it. Clients are spread across California 80%, other states included.
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Posting #: 258346
Status: Active
Refreshed: 11/5/2019

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Phone: 833-776-6682 X836
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Nationwide title insurance agency active in 30+ states with a proprietary business model that provides the support independent operators need to close more deals. The Company has an integrated software platform allowing national closing services which is integrated directly with nearly all national
Available: Insurance Agency - Los Angeles County
Posting #: 256911
Status: Active
Refreshed: 11/20/2019

Contact: Rick Carlson
Phone: 833-776-6682 X828
Phone: None Given

Price: Call
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Perfect expansion opportunity for an insurance agency looking to diversify into individual health distribution with a focus on short term health benefits. This presents an exceptional opportunity to buy into a nationwide short term health insurance sales distribution platform.
Wanted: Insurance Casualty Agencies - All Sizes - Southern CA Preferred
Posting #: 195396
Status: Active
Refreshed: 10/31/2019

Contact: Joe Sales
Phone: 714-363-0440
Phone: 714-928-5138

Cash Buyers ready to purchase immediately any size California Insurance Broker. All sized agencies will be considered. Appointments preferred are Mercury,Hartford, Chubb, Fireman's Fund, Safeco, Allied, Progressive. Any area in California. Buyers ready to buy Allstate or Farmers franchise appts.
Available: Allstate Insurance Agency - San Francisco
Posting #: 258256
Status: Active
Refreshed: 11/21/2019

Contact: Joe Sales
Phone: 714-363-0440
Phone: 714-928-5138

Price: $650,000
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This Agency is a Franchise with Allstate Insurance Company. There are no royalty or transfer fees. Buyer must have a Casualty License and a Life & Health License or obtaining one. Current owner has a trained staff . Located in San Francisco Area. Beautiful Location.
Orange County Insurance Brokerage - Construction For Sale
Available: Insurance Brokerage - Construction - Orange County
Posting #: 257954
Status: Active
Refreshed: 11/18/2019

Contact: Erik Records
Phone: 949-444-3863 Cell
Phone: None Given

Price: $2,500,000
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This construction insurance broker is a very profitable and growing insurance company servicing small construction companies throughout California. They provide workers comp, general liability, commercial auto, bonds and special needs coverage to over 1,300 clients. Retiring due to medical issues.
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  Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs

Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.

Rick Carlson, Business Broker - Southern California

You Will Never Feel Lost In The Shuffle. Many Brokers Simply Send Out An NDA And That's The End Of Communication. All Buyers Receive A Personal Meeting With An Ace Acquisition Specialist So They Can Recommend The Perfect Business For You. Phone Rick direct at 800-985-4939.

William Park, Business Broker - Southern California

Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.

Bob Baumgarten, Business Broker: Southern California

National Business Brokerage is a full service brokerage company that has been serving buyers and sellers of Southern California businesses since 1994. We are dedicated to providing the highest standards of professional service for our clients. Phone Bob direct at 949-588-8727.

Michael Davidson, Business Broker - Southern California

Los Angeles Business Broker providing M&A quality services for Small Business Owners. We leverage our technology and expertise to Simplify & Expedite the Business Sales Process. Matching the right buyer with the right business is how we define success.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.


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