Business For Sale

Non-Standard Insurance Earning High Commissions

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$263,000 $252,295

Services: Financial, Accounting, Insurance


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RE: Non-Standard Insurance Earning High Commissions Broker: Cortney Sells
Owner Financing is Available!
Funding Example Purchase Price: $263,000 20% Buyer Down Payment: $52,600 10% Seller Financing: $26,300 70% Bank Loan: $184,100 A 20% down payment of $52,600 would profit $33,294 in the first year after debts.

Quick Facts

Asking Price: $263,000
Annual Revenue: $252,295
Net Profit: Not Disclosed
Cash Flow: $70,663
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 4
BBN Listing #: 374734398
Broker Reference #: PRO017

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Business Overview:

Serving a specialized clientele of 1,200 active policyholders, this non-standard insurance business earns some of the highest commissions around. Policies are split 40% commercial and 60% personal, with a primary focus on insurance for those with foreign drivers licensing. Open for 8 years with two small satellite offices in addition to the main Omaha location, the seller is the sole agent serving clients in Nebraska and Iowa. As clientele are mostly Spanish-speaking, the seller will stay on for 1 year to transition the clients to a new owner/agent.

Assisting the seller are 4 full-time customer service representatives to answer phones, assist customers and help the many walk-in clients. Almost no advertising is done as the customers are part of a niche demographic. The seller works out of the Omaha office but does has a CSR staffed in two satellite offices within an hour’s drive.

A buyer fluent in Spanish could cut down the transition time with the seller, and would see a $75,000 increase in cash flow. Priced at $263,000, a buyer paying 20% down would see a first year’s profit of $33,294 after debts.

Gross Sales
2016: $252,295
Owner Profit/Cash Flow
2016: $70,663
Profit Margin: 28%
Valuation:
Price has been determined by taking an average of a Cash Flow Valuation and an Industry Standard Valuation, which is 1.25 times sales.
Cash Flow Valuation
$70,663 x 3 = $211,989
Industry Standard Valuation
$252,295 x 1.25 = $315,368

The average of both valuations comes to $263,678.

Business Information
Years in Business: 8
Location and Service Area: Omaha
Number of Clients: 1,200 active clients
Policies: Property & Casualty – 40% commercial, 60% personal
Lease: $2,000/month
Policies: Main focus is insurance on foreign licensing
Employees: 4 Full Time – Customer Service Representatives
Hours: Mon – Fri 10am to 7pm, Sat 10am to 5pm, Sun 10am to 2pm
Seller Training Period: 1 year transition
Growth Opportunities: Motorcycle insurance – growing market that provides better commissions
Current Owner’s Responsibilities: Agent

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:

Assets Included in Purchase Equipment: Office furniture, fixtures, and operating equipment Intangible Assets: Name and reputation; loyal clientele; niche demographic *amounts may vary

Market Competition and Expansion:

Number of Clients: 1,200 active clients Policies: Property & Casualty – 40% commercial, 60% personal Main focus is insurance on foreign licensing Growth Opportunities: Motorcycle insurance – growing market that provides better commissions

Reason for Selling:

New business ventures.

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.

Documents:

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