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Originally Posted by mosesbotbol
Can you run different revenue models to predict you hi and low potentials? How long is your lease and what are the renewal terms? Is there other office space in that area available? 1 hour drive certainly is a lot and ads to your costs for sure. Really look over the books and policies. Do you have employees working there? Doe you have exclusive agent rights for different insurers for that area? What is their current advetising model and costs?
On the surface, it sounds like a good opportunity if you want your own show. Just thinking the 40 hours a month or more could be in your car is something to consider. Basically one work week a month is just getting to/from work.
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Taking Over the lease, as of right now its month to month, may have to sign a lease.
I am a Captive agent, meaning I only sell farmers products, and I will be the only farmers agent for a while in the area.
No employees, but probably will hire one with in 3-6 months.
Other Office space is availble but not sure cost there, Im sure there is cheaper, that would be something to look at.
Time is the car is a draw back, esspecially considering I have a 10 year old suburban. So probably will have an expense of buying an new car some time soon in there too.
Books look good, Income when the agent was actually working was between 1900 and 3000 a month, including all renewals, Cash out was on the worse month 800 bucks, but averaged 624mo
Advertising costs are unknow, didnt think about that...