Katz Insurance Agency is a thriving Farmers Insurance agency with a strong client base and consistent revenue!
PERFECT for:
1. An EXISTING Farmers Agent, or
2. ANY Spouse of ANY Insurance Agent.
BUSINESS VALUE INCLUDES ($300K):
- Goodwill:
- Well-established Insurance Agency with STRONG reputation & LOYAL client base:
- 4-years with Farmers
- 17-years with most clients!
- Excellent relationship with Farmers Insurance:
- PRESIDENTS CLUB = Top 1% of Farmers Agents (first year eligible)!
- EVERY other record / milestone in previous years!
- Well-established Insurance Agency with STRONG reputation & LOYAL client base:
- Financials:
- $328K in Total Revenue in 2023!
- Top Producer in 3 previous years, as well!
- Employees:
- 1 Customer Service Representative who is great (knows the business inside / out)!
- BOTH Sellers (husband / wife) are willing to stay on as agents (part-time)
- Intangible Assets:
- Significant Book of Business = ~1800 policies!
- Property & Casualty Policies = large majority of this Book:
- “Personal Carriers” – primarily:
- Bristol West
- Safeco
- Travelers
- “Commercial” Carriers – too many to name!
- “Personal Carriers” – primarily:
- Life Policies = 50% pay-out in the first year!
- Property & Casualty Policies = large majority of this Book:
- Growth Options (ability to sell):
- Health Policies (this is a new line of business for the owner)
- Medicare
- Financial Services
- Significant Book of Business = ~1800 policies!
- Tangible Assets (OPTIONAL):
- Office Furniture (practically brand new):
- 9 Desks
- Multiple Chairs
- Multiple Filing Cabinets
- Other Basic Office Equipment
- Office Furniture (practically brand new):
- Location / Lease (OPTIONAL):
- Location: 1871 W 7800 S , West Jordan, UT 84088:
- Large Entry Room with 3 Desks
- 3 Private Offices
- Bathrooms
- Plenty of Parking in the back
- Lease:
- $2,259 / month
- 1+ year remaining on the Lease
- No CAM
- Utilities = ~$150 / month Total (no electricity bill due to solar power on the roof)
- Location: 1871 W 7800 S , West Jordan, UT 84088:
- Buyer Requirements:
- New purchaser must be fully licensed with Property & Casualty (Life & Health are optional depending on needs).
- Buyer must have $75K in capital and must pass background check and have good credit.
- Farmers Credit Union can finance the book / purchase, or the Buyer may choose to find outside financing if needed.
- New purchaser must be fully licensed with Property & Casualty (Life & Health are optional depending on needs).
- Training:
- New Buyer is required to complete a 4-5 week training with Farmers Insurance
- Seller will assist with the transition!
Katz Insurance Agency is a turn-key operation with trained staff and robust support from Farmers Insurance!
Whether you’re an experienced industry professional or an entrepreneur looking to diversify, this insurance agency offers the stability and potential you’ve been looking for!
Katz Insurance Agency is located in a prime location in the Salt Lake valley with excellent growth potential!
Katz Insurance Agency is your opportunity to step into a profitable business with a solid foundation and significant room for growth!
Inquire below for more info… this established insurance agency will not last long!
The Consultation is FREE, so there’s absolutely no risk!
