Portable Commercial Insurance Book 60% Constructio

Redondo Beach, CA
Los Angeles County

Asking Price: Annual Revenue:
$2,700,000 $1,000,000

Services: Financial, Accounting, Insurance

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RE: Portable Commercial Insurance Book 60% Constructio Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
Seller will carry for highly-qualified Buyers with a substantial down payment.

Quick Facts

Asking Price: $2,700,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $540,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 4
BBN Listing #: 146227574
Broker Reference #: 826 Insurance

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Business Overview:

Large book of commercial accounts, ~600 clients split (40% WC / 40% GL / 20% Commercial Auto & the rest – no benefits). Has a direct State Fund Appointment, and acquirers with a direct appointment would likely have an easier go of it. Clients are spread across California – 80%, other states include NV, AZ, (TX & OR have a handful of accounts). Immense range of trades spanning construction, transportation, manufacturing, small businesses across the spectrum. Seller is a 30 year industry veteran with a vast network of insurance carrier relationships. Seller is looking to stay with the business for a year or two and team up with a well capitalized Buyer that can provide the infrastructure to service the existing book plus expand the revenue and client base using his extensive sales training background.

NDA required for release of detailed CIM.

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Property Features and Assets:

Relocation is fine, or keep the space, whatever is clever.

Market Competition and Expansion:

Competition: A competitive space but relationships keep retention high. They provide exceptional service so the book is pretty sticky. Growth & Expansion: Doesn’t do any benefits, or any personal lines, massive potential to cross sell is here.

Reason for Selling:

Wants to pursue creative endeavors rather than sta

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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