Established Farmers Insurance Agency in Huntington Beach

Farmers Insurance Agency in Huntington Beach for sale. Agency has gross revenue of $180,000, over 1,400 active policies, and an active retention rate of 88%. Current agent is selling as he is retiring and moving out of state. The office is located in a busy shopping shopping center on Beach Blvd, and is located across the street from two care dealerships as well as shares a shopping center with a number of high foot traffic businesses. The agency currently has two fully licensed producers and a car who is in the process of getting licensed, all of whom are willing to stay on board with a new agent. This is a great opportunity to purchase a book with Farmers Insurance as one's of this size or quality do not come around too often. Please call: Jack McIver, (949)-374-0548 to inquire more. Location: Huntington Beach, California Year Established: 2013 Number of Employees: 2 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 1,000 Rent: $2,200.00 Per Month Lease Expiration: 6/1/2023 Website: agents.farmers.com/ca/huntington-beach/michael-altman Market Outlook/ Competition: Pro's: Limited number of Farmers Agencies to purchase within in the area, especially at this size and quality. Customer habits have returned to pre-covid conditions and insurance needs and commissions are up. Growth & Expansion: Pro's: This is a fantastic agency that saw rapid growth and is an area that can continue to capitalize on the business and neighbors nearby. The book of business is relatively a younger age and is comprised of mostly small families that are growing and present opportunities for cross-sales. The current staff are younger than our average agency and a ready to expand with internet sales capabilities.