Established Farmers Insurance Agency for Sale

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!

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!
  - Life Policies = 50% pay-out in the first year!
- Growth Options (ability to sell):
  - Health Policies (this is a new line of business for the owner)
  - Medicare
  - Financial Services

Tangible Assets (OPTIONAL):
- Office Furniture (practically brand new):
  - 9 Desks
  - Multiple Chairs
  - Multiple Filing Cabinets
  - Other Basic Office Equipment

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)

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.

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!

Katz Insurance Agency - protecting families

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!