New England Insurance Agency - 26360

Not Disclosed, VT

Asking Price: Annual Revenue:
$585,000 $325,000

Services: Financial, Accounting, Insurance

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RE: New England Insurance Agency - 26360 Broker: Joseph Stansky

Quick Facts

Asking Price: $585,000
Annual Revenue: $325,000
Net Profit: Not Disclosed
Cash Flow: $217,520
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 7244447
Broker Reference #: 26360

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Business Overview:

Exclusive property and casualty insurance agency for sale. Represent one of the most well known insurers in the US. Established in Southern Vermont for 28 years with an excellent reputation. Lines of business include: property,auto, renters,snowmobile, motorcycle, commercial auto, life and annuities. Current owner writes general liability and other specialty coverages outside of its main relationship. Retention rate over 90%, sales in 2014 estimated at $2.6m with gross margins of $300k. Low overhead. Recently approved to write in Mass- significant opportunity. Several banks are willing to finance the business purchase for qualified buyers. Perfect for insurance pro or aggressive salesperson or sales manager.

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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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