Business For Sale

Business Overview:

Seller is active owner operator who is there every day 6 days per week. Has 1 FT Spanish speaking CSR and 1 PT person as well. Writes auto, home, business work comp, some medical, and surety bonds. Breakdown is: 70% Auto Hybrid and 30% Commercial. What we mean by auto hybrid is that 40% of the Auto clients are written as some form of package deal with Home through Travelers, Fidelity, Safeco, TOPA, & McGraw. Auto only is written with Travelers, Safeco, Hartford, Infinity, Alliance, Progressive, and some other non-standard carriers when needed. Broker fees + commission totals are $200,000+ total gross revenue. Heavy on renewals, not particularly reliant on broker fees, as tax returns for 2010 report gross at $172k. Retention is strong at 83%. Broker is trying to qualify for SBA acquisition financing, so Buyers may purchase for 15% down hopefully. Production reports are not on file yet. NDA is required for exact business address.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Facilities: Street front retail plaza with parking in front of the building. Has private office for owner-operator. Support/Training: 2 weeks, 30 hours per week.

Market Competition and Expansion:

Competition: Heavy. There's an agency across the street, and there's one that is in the same plaza that's a captive. Tends to get a lot of business from the captive when they can't write the non-standard stuff. The competitor across the street has been there awhile and has not really made a dent into sales. Anecdotally, 2011 #'s are similar to 2010. Growth/Expansion: Seller does a good job as-is, very diverse in terms of lines of coverage and "stickiness" with the clients they have.

Reason for Selling:

Retirement

Additional Details:

Resources: