Business For Sale

Business Overview:

This contract will be a condition of any closing. Seller is top producer for this carrier in the Western United States, not surprisingly. Other appointments include Mercury (recent, less than $100k premium presently), CSE, Hillstar, Unitrin, Commerce West, Bristol West, McGraw, Progressive, GMAC, and Infinity. About $200,000 of total premium is what one would refer to as preferred clientele. The rest would qualify as non-standard. Averages $100,000 in Broker fees per year, about $450,000 in renewal commissions. A lean operation, Seller is heavily involved from dawn to dusk, regularly present during every minute of the 9-8 M-F and 9-6 Saturday that the Company is open. Has one non-licensed CSR, that helps the Seller run the business. Approximately 5,000 client files, with a retention rate of 85%, well above industry average. Could be a little bit more cross-sold, as the book consists of 90% Auto, 5% Commercial, 5% Home, no Health, no Life. Does bonding, and writes Mexican Insurance at 35% commissions. NDA is required for partial due diligence package and to schedule a personal meeting with the Seller once he approves your company or your inquiry if you're a private party.

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:

Exclusive lease in plaza, no competitors can sign within the same center. Has been in same location for over 30 years. Support/Training: As needed, approximately 4 weeks, 20 hours per week.

Market Competition and Expansion:

Competition: Competition is strong for insurance, however, the goodwill associated with a business that has been at the same spot for 30 years is undeniable. Insurance agencies have come and gone but this one has stood the test of time. Growth/Expansion: Has no real internet presence, one could purchase leads and expand the operation.

Reason for Selling:

Retirement

Additional Details:

Resources: