100% Virtual Personal Lines Insurance Agency Book

Conroe, TX
Montgomery County


Asking Price: Annual Revenue:
$522,000 $174,000

Services: Financial, Accounting, Insurance


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RE: 100% Virtual Personal Lines Insurance Agency Book Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
If the price and deal structure is right.

Quick Facts

Asking Price: $522,000
Annual Revenue: $174,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 259527574
Broker Reference #: 800 Insurance

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Business Overview:

Originally founded in 1988 as a Farmers Insurance Agency, the Agency was founded as an independent insurance agency in 2004. For sale at $522,000.00 (or 3X 2018 YTD Gross Commissions of $174,000.00), the agency Owner has full ownership of this 100% virtual personal lines insurance agency which has been run by agent with no employees for over 10 years.

With a technology Focused customer service model, and personal meetings and reviews as requested by the Clients, a new agency owner can penetrate the fast growing Montgomery, TX market all while being based from your current location!

While the Agency Book of Business is focused primarily on Personal Lines Insurance, the Agency Revenue Mix is composed of 90% Personal Lines Revenue and 10% Commercial Insurance Revenue, and has traditionally had high retention after carrier transitions.

With Agency Commissions tracking at approximately $174,000 through October 2018, this book of business has consistently booked gross commissions in excess of $190,000.00.

What’s an ideal transaction? The Agency Owner is open to full sale of the Agency for $522,000.00 or 3X 2018 YTD Gross Commissions, with a transition/consulting period and potential owner financing available. The Ideal Buyer is a local, regional or national independent insurance agency looking to expand their footprint into the growing Montgomery County, Texas Market.

NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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: N/A. Seller manages the book from out of state already.

Market Competition and Expansion:

Competition: Always plentiful competition in the insurance industry, but if a Buyer maintains the well-deserved and well-earned reputation for excellence, Company will continue to outpace local rivals. Growth & Expansion: Primarily a renewal book, should be primed to cross-sell.

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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