4 Million in premium, Two Farmers books to merge into one location

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4 Million in premium, Two Farmers books to merge into one location
492,000$

We have two books to merge together in one location in North Fort Worth for a total income of about 370K, about 3.9 million. Not sure just yet but would think it’ll sell for about 1.33 times 480 to 492Kish, maybe less with a signed Letter of Intent and quick closing, Seller willing to carry some, Wintrust would be the bank to use. If you are a strong candidate they might allow one more book of about 600-700K to join… Just not sure. Must have insurance licenses, and have 100K in liquid funds for Farmers agency ownership consideration. Seller to sign a 5 year non-compete. Office rent is $1250 monthly. Harold Loyd

  • Real Estate: Real Estate for Lease
  • Number of Employees: 1
  • Year Established : 1974-07-04
  • Facilities & Assets: Of the two locations, I purchased one in 2018 the prior agent had been with Farmers for 50 years. Solid long-term clients with high retention.
  • Support & Training: Once approved seller will allow for 30-60 of training at no costs to buyer. Hands on work in the agency helping you with the Farmers quoting system to write new business on day one. You will receive the Blessings of us through introductions to clients for a smooth transition.
  • Reason for Selling: Relocation
  • Seller Financing Available: No
North Richland Hills,Texas
54321
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