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Kozak Agency For Sale

Chesterfield, MI (Macomb County)

Seller Financing Available
Kozak Agency For Sale
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Asking Price: $675,000

Cash Flow: N/A

Gross Revenue: $115,774

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $675,000

Established: 1974

Kozak Agency For Sale

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Business Description

A "Turn Key" opportunity

This is a 45 year old agency with a reputation for solid reliability.
This is truly a "Turn Key" offer... walk in... get your coffee... and go to work.
This offer bundles my "Progressive Book" of business, my agency as well as my office building.

THE OFFICE BUILDING:
2500 sq' office building built in 1997. New roof summer of 2017.
New high efficiency (96%), 2 stage furnace summer of 2018.
It has 4 suites... (1 is currently vacant) Current monthly rents total $1000.
It has a kitchenette with a sink, fridge, microwave, cafe table and chairs
It has 5 workstations plus file cabinets (36 drawers).
It is fully equipped and furnished. The decor is 50's & 60's throughout.
It has a cement parking lot with spaces for 26 vehicles.
It has a pylon sign converted to L.E.D.s. and a flag pole.

Sale Price: $675,000...
Terms: 10% down, 20 year Land Contract @ 5.5% ($4179 per month)

THE PROGRESSIVE BOOK:
A very profitable, 40 year old book. Priced @ $154,000 cash (no terms)

...................12 month moving average.. $924,444 written premium
...................(as of Apr 2019 month end) $ 77,037 annual commission.
............................................................ $ 6,420 average monthly commission.

.......Combined average monthly revenue $ 7,420 (Progressive book and rents).
.............................................................................. ($6,420 plus $1,000).

So do the math... The $7,420 monthly revenue covers the monthly land contract payment of $4,179 with $3,241 per month to spare.
In 5 years you'll recover your entire initial outlay.

Detailed Information

Location:
Chesterfield, MI
Real Estate:
Owned
Included in asking price
Building SF:
2,500
Growth & Expansion:
Chesterfield is a dynamic growth area by any measure imaginable. Median home price @ $295000 with new subdivisions and commercial developments sprouting up all around.
Reason for Selling:
Health/Retirement
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Business Listed By:
John Kozak

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