Commercial Insurance Premium Audit Services Co

Not Disclosed, NA

Southeast


Asking Price: Annual Revenue:
Not Disclosed $2,089,989

Services: Financial, Accounting, Insurance


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RE: Commercial Insurance Premium Audit Services Co Broker: Jeff Merry
License #: 242824

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,089,989
Net Profit: Not Disclosed
Cash Flow: $183,447
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 35
BBN Listing #: 142028642
Broker Reference #: TBH524

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Business Overview:

Founded in 1999 and located in the Southeast, this acquisition opportunity is a commercial insurance premium audit services company. The company works with insurance carriers providing physical, telephone, and mail premium audits. State regulations require that many insurance policies, such as workers compensation, be audited annually to provide validation for classes of business and exposures. These factors determine the final premium due to the insurance carrier. The auditors also work to prevent premium leakage by mis-classification or attempts to hide exposure from the carrier.
The business has 28-field representatives (mostly W-2) with an average salary of $50,000 per year. The field auditors set their own schedules. No licenses or certifications are required; however, some do have an APA (Associate in Premium Auditing). The home office has nine fulltime team members. Office hours are Monday - Friday 8 a.m. to 5 p.m.

Key company highlights:
• Excellent Customer Service, Quality and Experience
• Highly respected name in the insurance risk management industry
• Geographic Expansion – easily grow revenues by expanding the geographic footprint by developing satellite staff or partnering with other premium audit service companies
• Service Area – Serving and located in the Southeast, the business could relocate easily anywhere!

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Property Features and Assets:

The business is operated from a standalone building in an office park. They occupy the complete building, 2,400 square feet upstairs and 2,400 downstairs, a mirror image. The real estate is available for purchase at Fair Market Value.

Reason for Selling:

Retirement

Additional Details:

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

Relevant Links:

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