Foundational Insurance Agency - Build On Build Up

Glendale, CA
Los Angeles County

Asking Price: Annual Revenue:
$180,000 $88,750

Services: Financial, Accounting, Insurance

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RE: Foundational Insurance Agency - Build On Build Up Broker: Rick Carlsion
License #: 01820673
Owner Financing is Available!
TBD if necessary should structure and terms be acceptable.

Quick Facts

Asking Price: $180,000
Annual Revenue: $88,750
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 1
BBN Listing #: 729027574
Broker Reference #: 1010 Insurance

Email or Print Listing

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Business Overview:

This well-seasoned independent insurance agency pivoted over the last 3 years after being one of many Farmers left for greener pastures. Years of success as a well-rounded agent kept the Seller running a viable operation. He focused on profitable commercial accounts and broadened the scope of work to include health and life policies. Clients in the close-knit community are quite loyal and given the opportunity and better pricing options than the standard big box carriers, the business can grow beyond its normal 1,100 policies. A quarter of the 200 active policies are commercial accounts.

Currently, the Seller and his licensed brother (who works part-time) service clients and keep the renewals coming in. This book would be an excellent starting point for a new agent with good marketing and sales skills or a solid addition to an agent needing to branch out and cross-sell to an existing P&C book.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Property Features and Assets:

Facilities: The Seller has one desk in a professional office available to a Buyer. That space rents for $195 per month. The 110 square foot space included the use of a small conference room, reception support, Wi-Fi, and large signage on the outside of the well-located building near a DMV.

Market Competition and Expansion:

Competition: There is plentiful competition for insurance companies, the large database of devoted clients wanting a return to personal, caring, and friendly service is an advantage. Growth & Expansion: The Seller has not actively pursued new clients or sought to write new policies in the last year, focusing only on taking care of commercial clients. Hiring a new producer and reaching out to old clients to intentionally seek the writing of new policies would be the first step to increasing revenue. Doing some local advertising and adding social media platforms would also be beneficial.

Reason for Selling:

The Seller is looking to retire and spend time with family.

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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