Business For Sale

800+ Fixed/Indexed Annuity Book, $82MM AUM

Newport Beach, CA
Orange County

Asking Price: Annual Revenue:
$1,200,000 $600,000

Services: Financial, Accounting, Insurance

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RE: 800+ Fixed/Indexed Annuity Book, $82MM AUM Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
$600,000 down and $10,000/ Month for 60 Months at 0% interest!

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 100127574
Broker Reference #: 804 Annuity

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Business Overview:

Through exceptional customer service and marketing via seminars this Company has grown into a turnkey enterprise for someone looking for a stable, profitable book of happy annuity clients. Easy integration as all files sit in the Seller's online database system for a seamless data dump after closing, not to mention the thousands of client files/leads that did not convert which include the family net worth snapshot, contact information, etc...that can be mined for future conversions. 80% of the clients are located 25 miles from Newport Beach home territory, 60% of new business comes from existing satisfied client referrals. Many accounts have funds available now and upcoming and are ripe for consultations from a Buyer that may have a more diversified product offering or set of products that can help preserve and grow their wealth. 80% commission based, average age of client is 65, average net worth of 75% of clients is $1.5MM. Revenue is 70% annuities, 20% alternative investments and 10% life insurance.

NDA is required for further details from ProNova Partners.

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Property Features and Assets:

Facilities: Portable within Orange County, on a month to month lease presently, but Buyer doesn't need to absorb the space to maintain revenue/income.

Market Competition and Expansion:

Competition: Competition is strong in this industry, but the premium service that the Seller provides his client base keeps them happy, long-term relationships. Growth & Expansion: Owner isn't a Registered Investment Advisor so cannot sell securities to his clients. Large upside for that play within this client book.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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