darb85

As some of you know I am an insurance agent, I just started in december and have finally gone to the point of "full time" or qualifing for agency funding(production based).

I have the opportunity to step into a book of business in cadillac(about an hour south of me). Not only that but its basicly a turn key business.

Now on paper, this seems like a great opportunity, but I need to know what questions I should ask to see if its a viable opportunity. Ive asked a few general questions and heres the info I have:

400 policy book of business
Been reletivly neglected for about 3 months, so probably hemraging clients
2000 dollars a month in renewal comissions(if devided over 12 months), Ill see probably 800 of that for the first year.

400 a month in rent including utilities
200 a month in phone lines(2 lines plus dedicated fax line and 1800 number)
21 a month DSL line

Pros:
Very Competitive in the area
Only Farmers Agent within 50 miles
State Farm, allstate, auto owners and other agents are pretty much just surfing thier contracts till they retire
Nice office

Cons:
Smaller town
Largest Employer is 4winns boats
1 hour drive
Cost outflow of first year(im rent free right now)


So what do you think?

Any questions I should ask?