15 Year Established Local Insurance Agency

Not Disclosed, TX
Dallas County

North East Dallas

Asking Price: Annual Revenue:
$179,000 $105,000

Services: Education & Training

Request More Information
Contact the Seller

RE: 15 Year Established Local Insurance Agency Broker: Kevin Chung

Quick Facts

Asking Price: $179,000
Annual Revenue: $105,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 679419188
Broker Reference #: 000807

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

Well-established locally owned insurance company that has been operating and serving the area for 15 years is now available for acquisition. This business is located in 1,400 Square Feet retail strip center and is conveniently located next to intersection of two busy roads surrounded by densely populated single family homes and many local businesses. Competition is expected for this type of business, especially in this area, as there are many low income families in the surrounding area needing low cost insurance, but this business has been long established and has a solid customer base that provides consistent sales. Each year, approximately 350 new applications are written and cancellation rate is only about 30%, which is relatively low for this type of industry. This independent insurance agency offers a variety and affordable auto, home, and commercial insurance and is affiliated with several small and major insurance company carriers, such as Kemper, Progressive, and Americana Access, to provide the least inexpensive and customize the policies to meet each client's needs. The average gross commission and fees for the past several years has been consistent at $100,000/year without any proactive marketing. Although no marketing efforts is in place currently except by word of mouth, proactive marketing in various methods is crucial to the further growth of this business in overall cash flow and acquisition of new customers from untapped areas of the city. There are many ways to accelerate the continued growth of this business by direct mail and flyers to surrounding homes and local businesses, especially local car dealerships to acquire referrals from their clients, by being more active in social media outlet, and extending business hours to accommodate clients who are not able to use their service during current business hours. Most importantly, being more proactive and aggressive on retaining current policy holders by following up with them before the policy expires will greatly improve sustain and grow its overall revenue. Acquisition of well-established insurance company that operated for over 15 years will give a buyer an access to a stable and considerable cash flow business with a solid customer base that can be further expanded to its full potential by proactive marketing and owner involvement.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This business located in a 1,400 Square Feet strip center next to an intersection of two busy roads surrounded by many local businesses with heavy traffic and nearby densely populated residential area. Inventory: Not Disclosed.

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business has built up solid customer base over the past 15 years by providing competitive pricing and variety of options and comprehensive service. Growth and Expansion: No marketing is done at the current moment except thru word of mouth, but more proactive marketing methods need to be utilized in order to keep the business to continue to grow in sales and new customer acquisition.

Reason for Selling:


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.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!