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Insurance Franchise Specializing in Auto Insurance- 1287-00013

Broward County, Florida, United States
Asking Price$750k
Revenue$731k
EBITDA-
Cash Flow$101k
Description
Reason for Sale: Relocating- Profitable Insurance Franchise Specializing in Auto Insurance- One of South Florida’s Iconic Franchise brands, this location is on a major East/West artery in a busy storefront location. This company provides Standard/Non-Standard Insurance for Auto/Homeowners/ Business/Boat & Ticket Defense. They have established appointments with Progressive/Star Casualty/United Auto/Ocean Harbor/Gainsco/Kemper/Legacy/Ascendant/Citizens/Foremost/Universal Property/AM Wins & more. 450k in net commissions after royalties. Owner Benefit of $100k + in 2023. Three experienced 440 license staff in place that will stay with the new owner. The lease extends to 2037 with a monthly rent of $3039. Buyer pays any franchise training fee/landlord transfer fee of $7500. Franchise training in Miami.
Furniture Fixtures & Equipment
$10k
Business is
Established Franchise
Number of EmployeesFull-Time: 3
Year Established
2018
Reason Selling
Relocating
Facilities & Assets
Storefront Location-Rent $3039-Lease Exp 1/2027 with two -5 yr options
Support & Training
3 weeks of Training. 1 week Franchise training at Franchise university
Market & Competition
competitors include independent agencies and other Franchise agencies
Asking Price$750k