Independent Insurance Agency, Commercial/Personal
Not Disclosed, MD Montgomery County
Seller's Contact Information
- RE: Independent Insurance Agency, Commercial/Personal
- Contact: Mike Hadad
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $2,050,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $204,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 338562968 | |
| Broker Reference #: | 3112021-555054 |
Business Overview:
Well established Independent insurance company in the DC area with about 2/3 commercial lines policies and 1/3 personal lines. Agency represents over a dozen carriers and enjoys a great customer retention rate of about 94%. Total Premium is just over $2 million and commissions in 2021 were $204,000. Buy the agency or the buy the book the book of business. Owner willing to assist to ensure a smooth transition. Some seller financing is available for the right buyer.
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Reason for Selling:
Other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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