Ideal for someone looking to buy a job, and even more so if the owner-operator is native Spanish speaking as it is a primarily Hispanic demographic in the surrounding community. Active policy in force count at approximately 140 lives. Broker fees for August were $2,500 for the month, but the average for last 2 years in down economy was $3,000 per month. For renewal commissions, the average is $1,500 a month. Seller has live scan equipment that brings cash every day. It ranges between 5 to 7 customers a day with a total of about $1,500 a month, plus the mobile live scan on weekends which happens about once a month on Saturdays which brings an additional $500 in one day making it a total of $2,000 for the month. Price of $65,000 includes everything, such as core business as well as the live scan machine with laptop and printer, and all the goodwill and other FF&E such as desks, computer, software, file cabinets, stereo, two additional copiers with fax, telephones, waiting area furniture, live scan desk, kitchen area with TV, VCR, fridge, microwave, table, chairs, vacuum and the opportunity to add other services on the other half of the office. Mostly non-standard auto, a sprinkle of home and commercial as well.
This is not a distressed business or bankruptcy situation.
This is not a franchise resale opportunity.
This is not a homebased business opportunity.
The owner is willing to train/assist the new owner.
The property is leased.
Reason for Selling
Health Issues in Family
Market Competition and Expansion
Competition: Strong competition in East LA, but location trumps all in this acquisition, along with 5-6 daily visits for livescan service.
Support/Training: As needed.
Property Features and Assets
Facilities: Right smack-dab off freeway off-ramp in a plaza, killer location for an insurance agency. Room to sublet to other services like travel or expand existing operation, well below 40% utilized space.