Independent Insurance Agency, Commercial/Personal

Not Disclosed, MD
Montgomery County

Asking Price: Annual Revenue:
$550,000 $2,050,000

Services: Financial, Accounting, Insurance

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RE: Independent Insurance Agency, Commercial/Personal Broker: Mike Hadad
Owner Financing is Available!

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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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