Independent Insurance agency for 27 years

Not Disclosed, FL
Broward County

Broward County


Asking Price: Annual Revenue:
$500,000 $320,843

Services: Financial, Accounting, Insurance


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RE: Independent Insurance agency for 27 years Broker: Marty Fishman

Quick Facts

Asking Price: $500,000
Annual Revenue: $320,843
Net Profit: Not Disclosed
Cash Flow: $34,029
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 2
BBN Listing #: 5888630
Broker Reference #: 0101136310

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Business Overview:

Independent Insurance agency for 27 years. Approximate % breakout of policies written – 50% P&C, 25% Auto, 20% Homeowners & 5% Flood & other. Approx. 50% of policy holders are Spanish speaking - Primarily in central Broward County. Seller to retire or may stay on with new owner of agency. Office is 893 SF. Rent is $1393. The seller and 1 agent write policies. One office admin helps with customer service. 85% renewals and 90% retention. Average new policies written per month are 10 to 15. Software used for quoting is Turborater. All buyers must pre-qualify with listing agent with NDA, POF and proof of 220 license. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With a local presence and global marketing reach, Transworld Business Advisors has provided main-street and lower middle market business owners and buyers with transaction expertise for over 40 years. For more information on this business for sale contact listing agent Marty Fishman - (954) 296-2995. Please refer to listing #0101136310.

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Property Features and Assets:

Lease/Month: 1393 Square Footage: 893 Building Type: Office Terms & Options: Expiration Date: 3/31/2024

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 3

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.

Relevant Links:

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