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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Commercial / Personal Lines Insurance For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $56000
Net Profit / Cash Flow  $44000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2000
Number of Employees  1 - 3
Inventory  2000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  As needed.
Reason for Sale  Other business interests.
Description  Revenues are broken down as 2011 $39k Commissions and $17k Broker Fees. Sellers are 2 partners who work the business together. This book could easily be absorbed and maintained by a single (hard-working) senior level experienced person or spread amongst a few account managers who had extra bandwidth and both commercial and personal lines expertise. Non-portable, the Sellers have indicated they periodically visit clients (read: valuable commercial ones) on-site, so to maximize ROI, a local company who can maintain the high-touch nature of the current operation is highly recommended. All-cash purchasers from outside the area - at least you were advised of the situation. Top carriers by gross premium: Safeco, Liberty Surplus, State Fund, Progressive, United Specialty, FIC, Progressive, Infinity, Century Surety, Hartford. Utilizes a cluster group, so if you write these markets direct your ROI will be higher b/c you won't be paying the extra juice. Those accounts that are written through the clusters or MGA's are the property of the agency owners selling the book, not the 3rd party providing access to the appointments. Quoted Net profit would be for existing operation that rolled up this book into their existing enterprise, so if you are taking over their (or a different) lease, FSC, E&O expenses, etc...the net will be revised downward. NDA is required to get 2011 #'s and to potentially schedule a conference call or meeting with the Sellers. Facilities: Run out of office with a month to month lease. Ideal strategic roll-up acquisition for player in the Bay area. Competition: Insurance competition is strong all over. Growth/Expansion: Would be perfect if the Buyer had direct markets to yield additional commission points instead of using cluster group. Support/Training: As needed. Reason Selling: Other business interests.
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