Listing Number: BBF-1222-30165
*May Qualify For Visa* | *Contract Pending / Accepting Backup Offers*

Category: Insurance
SIC: 6411
Detail: General Insurance
Price: $1,150,000
County: Miami-Dade
Down Payment: $1,150,000
State/Province: Florida
Discounted Earnings: $288,177
Country: USA
Annual Sales: $484,276

Business Overview:
This successful independent general insurance agency has been serving Miami-Dade County for over 35 years. Established in 1989, the agency operates from two offices in highly populated communities in the NE and SW of Miami-Dade, providing stability and reliability to its clients.

The agency is approved by the top three insurance companies operating in Florida, ensuring continuity of high commissions and bonuses. The business currently employs three staff members:

• One employee with a 2-20 license to sell property, casualty, and marine insurance

• Two employees with 4-40 licenses serving as customer service representatives for personal auto insurance

The current owners (husband and wife) also hold 2-20 licenses and are retiring. Their roles can be combined and replaced by a new owner-operator with a 2-20 license. To increase sales, an additional employee can be added. Approval by the top three insurance carriers is required for the new owner to maintain the ability to issue policies and receive grandfathered commissions.

This is an excellent opportunity for someone seeking to acquire an established independent insurance agency with strong local presence and long-term profitability.

Business Features:

• Relocatable: No

• Home Based: No

• Franchise: No

• Lender Pre-Qualified: No

• May Qualify for Visa: Yes

Assets Included:

• Accounts Receivable: $0

• Inventory: $0

• Furniture, Fixtures & Equipment (F F & E): $30,000 (Included)

• Total Assets: $40,000 (Included)

• Leasehold: $10,000 (Included)