Diversified Personal & Commercial Lines Ins Agency

Houston, TX
Harris County


Asking Price: Annual Revenue:
Not Disclosed $425,000

Services: Financial, Accounting, Insurance


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RE: Diversified Personal & Commercial Lines Ins Agency Broker: Rick Carlson
License #: 01820673

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $425,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 3
BBN Listing #: 549427574
Broker Reference #: 907 Insurance

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Business Overview:

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.

Very spread out by carrier, policy types, lines of coverage(s) (home/commercial/auto/health) – in order as it skews heavy home & flood-related overall.

This portable agency acquisition candidate has all the metrics an established agency operation is looking for in terms of an ideal tuck-in transaction candidate. Derisked in terms of client concentration, policy type, carrier mix, basically every measurable attainable to qualify this book of business acquisition as ‘low risk’ / high reward is satisfied.

1 Commercial Lines Manager, 1 Personal Lines Manager, and 1 assistant to the Personal Lines Manager can come *with or without* the agency purchase, subject to Buyer’s team dynamics and preference. No lease (thanks Covid!) so this just ports right into your existing infrastructure, plus the staff have now been working remotely for months and are happy doing so for the future.

400+ commercial policies includes some small group health accounts, and 900+ personal lines policies which also includes some individual health business.

Regular recurring deposit activity every month from approximately 30-ish carriers as needed by line of business, only a few GA’s being used.

NDA is required for short form synopsis of the agency, but a comprehensive commission deposit reporting schedule of the target is included post-NDA.

Only the winning bidder will secure access to the principal.

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:

Facilities: Portable, all clients domiciled in Texas. Support & Training: As needed, but this is a retirement play so 1 year paid training maximum is preferred by the principal.

Market Competition and Expansion:

Competition: Insurance is a competitive industry, this agency has a multi-decade track record so just feeds off renewals year after year. Growth & Expansion: Abundant growth opportunities, little to no marketing for most of 2020.

Reason for Selling:

Retirement

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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