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Business For Sale
INSURANCE AGENCY (BAIL BONDS)
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Services: Financial, Accounting, Insurance
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Reason for Selling:
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Wants to develop properties during ownership |
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Year Established:
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1994 |
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# of Employees:
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1 |
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Yearly Cash Flow:
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$292986 |
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Yearly Gross Income:
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$741,253 |
Business for Sale Overview:
This insurance producer (Agency) has the ability to contract with sub agents (Bail Agents) for an override of the premium. A percentage of the premium goes to the company that issues the bond, and a percentage stays with this company. The company shares risk in that they are liable for any bonds written by the bail bond agents, but all bonds are collaterized with either real estate or cash. The field agents (approximately 60) are long term relationships and should easily transfer to the new owner, as not much will change at point of sale of the company. The Office Manager has agreed to stay on (she currently runs the daily operations) and Seller will stay on as long as needed for a smooth transition.
This company currently writes about $42,000,000 annually in Bail Bonds. They are the 2nd largest local insurance producer in the market with 18 years history.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not 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.
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