Seller's Contact Information
- RE: Insurance Agency With Multiple Locations
- Contact: Ashish Bhatt
Business Overview:
This insurance agency has multiple locations throughout the state. It represents many of the top insurance companies in the country, offering full-spectrum insurance products to companies and individuals at competitive rates.
The company has grown steadily over (15%-20% / year in volume, agents, and revenue) the last two decades, and in 2021, they generated $2.8M in revenue; Dec 2022, the insurance premiums have a value of $21M (10,340 policies) while the portfolio distribution is around 78% personal lines and 22% commercial lines.
Team: The company is owned and operated by the founding owner. The team comprises 1 Vice President, 1 Office Manager, 1 IT Manager, and 35 independent sales agents (1099s).
Services and Clients: The company serves both individual and commercial clients with its full-spectrum insurance offerings. It has a client base of close to 7,750 clients and 10,350 active policies making an average policy of 1.31 per customer.
They have access to a large pool of top insurance underwriters that can provide full-spectrum cost-efficient coverage for various insurance needs (e.g., Life, Auto, Property, Commercial, etc.).
Market Competition and Expansion:
They offer broad access to a wide array of insurance underwriters, pay higher commissions to their agents, and offer additional tailored support (e.g., lead and referral program, expenses support). The company has a Unique Aid System for its agent to help give them leads and identify the companies that underwrite the specific insurance the agent is looking to sell.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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