For Sale
$2,390,000

300 Nicollet Mall Minneapolis, MN 55401

Established agency, high SDE, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Property Details for 300 Nicollet Mall

Property type
Commercial real estate

Location Insight

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

FAQs

What type of property is this?
Commercial real estate - Established agency, high SDE, seller financing.
Where is the commercial real estate located?
The property is located at 300 Nicollet Mall Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: 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).
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300 Nicollet Mall
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