Insurance Agency With Multiple Locations

Not Disclosed, MS

Southeast


Asking Price: Annual Revenue:
$4,500,000 $2,812,161

Services: Professional


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RE: Insurance Agency With Multiple Locations Broker: Ashish Bhatt

Quick Facts

Asking Price: $4,500,000
Annual Revenue: $2,812,161
Net Profit: Not Disclosed
Cash Flow: $605,188
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 663626891
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This insurance agency has multiple locations throughout the state. Alabama-based insurance agency with 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.).

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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.
  • The owner is not 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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