Relocatable Insurance Agency Client Book Of Biz
Location California,United States
Asking Price Range < $250K
Gross Revenues $18000
Net Profit / Cash Flow $12000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Other business interests.
Description Business Description
This is a very simple and straightforward acquisition of a book of insurance clients, about 107 policies in force, 88 individuals and 5 businesses. Total gross premium in force of $112k, gross commissions about $13,000.00. There are some health policies also. Main carriers are Infinity, Bristol West/Foremost, FIC, PSIC, etc...mostly non-standard auto policies. Commercial is a small component of the book. Seller nets about $1,500.00 monthly after Broker fee and commission revenue is added up. NDA is required for due diligence package on file with the Ace Business Brokers.
Detailed Information
Facilities: Portable book of business, Seller shut down his office already.
Competition: Insurance competition is always strong.
Growth/Expansion: Can add cross-marketing to get more lines of coverage.
Support/Training: As needed.
Reason Selling: Other business interests.
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