Insurance General

Category : Insurance
SIC : 6411
Detail : Insurance General
Price : 275,000
County : Miami-Dade
Down : 175,000
State/Prov : Florida
Adj Net : 146,620
Country : USA
Sales : 294,685

Profitable insurance franchise opportunity. Own one of the original corporate owned stores! This business has been open for 20+ years. Company has appointments with AmWins, Ascendant, Citizens, Foremost, Imperial Property and Casualty, Infinity, Gainsco, Ocean Harbor/Equity, Progressive, Star Casualty, Responsive Auto, and United Auto.􀀀 Buyer must have 220 insurance license.􀀀 Book of business includes 90% Auto. 2 FT and 1PT employee includes a manager who has been with the business for 10 years. Employees are expected to stay with the business. All customer service reps have 440 license.

Reason for Sale : Seller is relocating to Texas.
General Location : Miami
Organization Type : Corp ‘Sub S’ Hours Owner Works: 40
: Years Established: 20 Years Owned: 5 Emp FT: 2 Emp PT: 1 Mgrs: 0
Non Compete : Miles: 5 Years: 5 Weeks Training: 2 Cost: 0
Operating dys/hrs : Mon-Fri 9am-7pm; Sat 9am-5pm
Skills/Licenses : Business management.
Business is : Relocatable: N Home Based: N Franchise: Y Lender P/Q: N

Data Source Annualized P/L Statement P/L Statement
Year (Cash Flow) 2020 (N) 2019 (N) 2018 (N)
Gross Revenue 294,685 302,006 322
Cost of Goods 0 0 0
Gross Profit 294,685 302,006 322
Expenses 240,249 254,086 0
Net 54,436 47,920 322
Owner Salary 0 0 0
Benefits 0 0 0
Interest Expense 51,154 51,893 0
Depreciation 0 0 0
Other 41,030 43,346 0
Owner Benefit 146,620 143,159 322

Accounts Rec 0 N* Real Estate 0 N*
Inventory 0 N* ___________ 0 N*
F F & E 5,000 Y* Total Assets 5,000 Y*
Leasehold 0 N* *Included?
Lease/Month: Square Footage: Building Type:
Terms and Options: Expiration Date:
Loan/Assumable – Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00
Loan/Seller – Amt: 100,000 Mos: 12 Rate: 5.00 Mo Pmt: 8,560.75
Loan/Other – Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00

Location