Business For Sale

Independent Insurance Agency For Sale

Davie, FL
Broward County


Asking Price: Annual Revenue:
$2,400,000 $775,000

Services: Engineering, Architectural Services


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RE: Independent Insurance Agency For Sale Broker: Alberto Hallivis
Owner Financing is Available!
Loan/Seller: $480,000 @6.0% for 60 months; $1,920,000 down.

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $775,000
Net Profit: Not Disclosed
Cash Flow: $538,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 6
BBN Listing #: 24431249
Broker Reference #: 13408157

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Business Overview:

Independent Insurance Agency. 90% of BOB are commercial lines with a 92% retention ratio, and a loss ratio less than 50%. Established over 8 years ago. 60% P&C - 40% commercial auto, and only10% private lines which are primarily auto and homeowners. Located in Broward County. Major carriers such as Mapfre, Travelers, Progressive, and many more.

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Property Features and Assets:

2,150 square feet - corporate office; Lease/month: $4,200; Terms/options: negotiable.

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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