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- RE: Preferred Insurance Agency Personal Lines & Health
- Contact: Rick Carlson
- License #: 01820673
Quick Facts
| Asking Price: | $3,100,000 | |
| Annual Revenue: | $642,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $507,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 3 | |
| BBN Listing #: | 625727574 | |
| Broker Reference #: | 1130 INSURANCE |
Business Overview:
This established, diversified independent agency, appointed by top P&C, Standard and Non-Standard, Auto, Health, and Home Carriers, is offering its Agency or Book of Business. Of the 2700 policies, the P&C distribution is approximately Homeowners -25%, Auto -70%, Commercial -5%, and Healthcare represents 33% of all policies. The retention rate is approximately 86% for P&C and 85% for Health from stable, long-term clients.
Modern Technology has been implemented for greater efficiency, making the operation turn-key and the ability to handle the high volume of premiums.
The Business is well-suited for a growing agency, those that want to expand offerings, and those looking for cross-sales opportunities (with commercial and financial products that this agency does not market heavily), for a steady residual income. The Mercury appointment is from 20 years ago and brings in the most revenue.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
Excellent location at a reasonable rate, conveniently located near freeways and several busy communities. The 1,500 square foot space with room to spare and expand is $2,500 per month.
Market Competition and Expansion:
Competition: Through new marketing and lead generation efforts, competitors do not offer the same competitive carriers or customer service. Growth & Expansion: The Seller is finalizing a new appointment that will allow writing policies for civil service and government employees. This means greater diversification and opportunities for adding new clients and cross-sales with Home and Auto insurance.
Reason for Selling:
The Seller is going to retire and dedicate his tim
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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