Business For Sale

75% Commercial 25% Personal Lines Insurance Book

San Gabriel, CA
Los Angeles County


Asking Price: Annual Revenue:
$800,000 $370,000

Services: Financial, Accounting, Insurance


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RE: 75% Commercial 25% Personal Lines Insurance Book Broker: Rick Carlson

Quick Facts

Asking Price: $800,000
Annual Revenue: $370,000
Net Profit: Not Disclosed
Cash Flow: $220,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 2
BBN Listing #: 887627574
Broker Reference #: 692 Insurance

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Business Overview:

Couple hundred clients with a couple hundred policies in force - primarily commercial insurance, but some personal lines and a small slice of group health as well. Seller is retiring, about 75% commercial business with 90% retention. For the Commercial business, 50% is through MGA & 50% Direct via Travelers, Amtrust, KBIC all being direct. Writing all kinds of wholesale, distribution, light manufacturing, contractors, LRO's, retail - individual & multi-unit, the gamut of commercial risks basically. $285,000 is commission revenue, $85,000 is broker fee revenue. NDA is required for first round package on the book of business.

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Property Features and Assets:

Facilities: Currently office setting in a retail plaza on the 2nd floor, portable for anyone that is currently doing business in California. He rarely sees customers in the office so this is portable. You pick up the phone, you can service this book. (Relocatable!)

Market Competition and Expansion:

Competition: The Seller has taken good care of the client base and has secured referrals as the main driver of revenue expansion. Growth & Expansion: Primarily a renewal book. Good entry level acquisition target if it's someone's first purchase potentially due to price point although experience and insurance underwriting expertise in commercial lines is prefered according to the Seller. Must have a producer, CSR, or partner at the Buyer's enterprise that speaks Mandarin Chinese to facilitate retention of the book of business.

Reason for Selling:

Retirement.

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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