Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$2,500,000 USD USA Dollars
Business for Sale Industry:	Services: Financial, Accounting, Insurance
Reason for Selling:	Reason for Sale: Business requires that owners make significant financial and lifestyle changes to take production to the next level (see growth opportunities section)
Year Established:	1994
# of Employees:	4
Yearly Revenues:	$1,132,500
Yearly Cash Flow:	$544,554
Yearly Gross Income:	$1,132,500

Business for Sale Overview:

This group and individual health provider is one of Blue Cross Blue Shields largest partners demonstrating significant year over year growth and a top producer. Priced at 3x 2008 projected gross, this is a solid short term ROI opportunity. Business Description: Writes insurance for both group and individual health plans. This opportunity is to purchase the business (not a book) with an established name, proven marketing plan, and high commission level. Sellers have developed and put into production an extremely profitable online sales solution which is adding significant profit to the bottom line representing a incredible opportunity to leverage across additional lines. Historical Summary: Company has had consistently high year over year growth in top and bottom line performance. Group products represent ~75% of gross with personal products comprising the balance of ~25%. Over 5500 clients with last three year gross sales increase average FIFTY EIGHT PERCENT ANNUALLY. Owner Qualifications: Buyer must be experienced in the insurance services industry, be able to directly manage accounts as well as employees in all facets of business. Must be able to work with current referral sources. Training & Support: Sellers will provide transition assistance over up to 3 year earnout period. Financing / Terms: Seller will consider some owner financing however the earnout is anticipated to be the majority of seller contribution

Property Features and Assets:

Office building of 877 square feet. Lease ends in December 2008 allowing for easy relocation if desired.

Market Competition and Expansion:

Competition: Company competes in an extremely competitive environment where customers have many choices. Company competes extremely well at corporate level due to quality of service and at the personal level very well due to extremely effective use of technology. Sellers will sign an extended non-compete on clients and contacts beyond employment agreement UP TO 10 YEARS. Potential for Growth : Sellers will guarantee performance over 3 terms at 20% net commissions per term on current lines as the main componant of a $2.5 million earnout. Significant cross sell and upsell potential with addition of lines such as 401k, Long Term Care, Employee Benefits, Buy/Sell, Property and Casualty, key person, liability, etc. products. This business represents a profitable platform that with an enthusiastic and motivated buyer could grow total commissions 50% per year for the next several years.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.