300 Nicollet MallMinneapolis, MN 55401

For Sale
$2,390,000

Established agency, high SDE, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional insurance agency in Minneapolis, Minnesota, presents a lucrative investment opportunity. Located at 300 Nicollet Mall, zip code 55401, Hennepin County, this well-established business boasts a strong reputation and impressive client retention, built on a commitment to exceptional personal service. Generating a gross revenue of $932,274 and a strong Seller's Discretionary Earnings (SDE) of $552,913, this agency offers significant financial potential. The asking price is $2,390,000, with attractive seller financing available: $239,000 at 7% interest over 60 months. The agency operates Monday through Friday, 8 AM to 5 PM, and is supported by a dedicated team of seven licensed staff members. The current owner, who is semi-retiring, will provide eight weeks of support and training to ensure a smooth transition. Included in the sale is approximately $20,072 in furniture, fixtures, and equipment (FF&E). A non-compete agreement is in place for 50 miles over five years. This is a rare chance to acquire a thriving, profitable business with a solid foundation for continued growth and success.

Highlights

  • Established insurance agency in Minneapolis, MN, generating $932,274 in gross revenue and $552,913 in SDE.
  • Asking price: $2,390,000 with seller financing available ($239,000 at 7% interest over 60 months).
  • Located at 300 Nicollet Mall, Minneapolis, MN 55401 (Hennepin County).
  • Includes approximately $20,072 in FF&E and a 5-year, 50-mile non-compete agreement.
  • Seller will provide eight weeks of training and support.

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9805709
Longitude
-93.2701099
300 Nicollet Mall, Minneapolis, Minnesota

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300 Nicollet Mall
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