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BUSINESSES FOR SALE

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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Captive Insurance Agency - Steady Production

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $390000
Net Profit / Cash Flow  $200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  1 - 3
Inventory  25000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  As needed. Long term transition possible, 2 months minimum guaranteed with sale.
Reason for Sale  Retirement.
Description  First and foremost, this is subject to the carrier review and approval of the prospective Buyer, so be prepared to pass an extensive background, credit, FBI etc...history and also be prepared for a lengthy qualification process. This is NOT an absentee ownership situation, and only those candidates with a very strong desire to grow an insurance agency practice need apply. Independent agency owners should also likely avoid this acquisition as red flags likely will be raised on a conflict of interest basis. 2 full time loyal staff members will remain with the company, however, Seller acknowledges they are not strong on sales, but are true superstars when it comes to support and service. Total renewals of $390,000.00 up for grabs, over 1,500 policies in force, primary revenue drivers are stable home and commercial accounts with some auto as well. 90%+ retention historically with great loss ratios. NDA is required and extensive interview by Broker required to secure access to additional information, only a small minority of Buyers are likely to get access to additional information as this is an extremely confidential sale. Be prepared to submit a CV or LinkedIn Profile and proof of funds when the NDA is received and after a successful preliminary interview with Rick Carlson, Ace Business Brokers' President. Facilities: Run out of a multi-business complex with a street-front presence. Has plenty of parking in the plaza. Competition: Insurance competition is strong, however, the safety and security of aligning with a captive agency, their tremendous marketing initiatives, the support system involved, make this a very strong investment for someone who is looking to buy a job. Growth/Expansion: The captive carrier is seeking aggressive owner-operators only, so no absentee Buyer situations. Buyer must be approved by all levels of org.
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