Bay Area Benefits Insurance Agency 70% Small Group

Berkeley, CA
Alameda County

Asking Price: Annual Revenue:
$1,850,000 $631,085

Services: Financial, Accounting, Insurance

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RE: Bay Area Benefits Insurance Agency 70% Small Group Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
SBA Financing should be available to Buyers that qualify.

Quick Facts

Asking Price: $1,850,000
Annual Revenue: $631,085
Net Profit: Not Disclosed
Cash Flow: $371,433
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 4
BBN Listing #: 52327574
Broker Reference #: 777 Insurance

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Business Overview:

Perfect expansion opportunity for a health-light or health-heavy existing agency; or buy a job for an independent minded licensed health agent! With this acquisition the Buyer secures an existing operation that has a seasoned service team that all the clients love! Family style, collegial operation where service is a primary focus and contains a steady recurring revenue client base that just renews renews renews. 70% of the gross revenue is (small) group, 17% is individual products, and 13% is Medicare. On the group side, 12 accounts are 21 lives & up, the balance (81 accounts) is under 20 lives. $159,000 in 2017 just from Blue Shield, other top revenue streams include Kaiser, Anthem, Aetna, Cal Choice, Healthnet, UHC, about 30 carriers total across all lines and coverages. NDA is required to secure comprehensive Confidential Information Memorandum crafted by ProNova Partners.

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Property Features and Assets:

Furniture, Fixtures, & Equipment (FF&E): Included in asking price. Facilities: Located in an exceptional location. Staff is willing to commute within reasonable distances {commute times} within the East Bay. Art work is not included in the sale.

Market Competition and Expansion:

Competition: Insurance is plenty competitive but this agency has a high retention rate and continues to profit year after year after year. Growth & Expansion: Upside exists for those that want to cross sell the book of business for personal lines or commercial coverages.

Reason for Selling:


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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