Business For Sale

402 Policies in Force, Portable 60% Comm. Ins Book

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$395,000 $194,291

Services: Financial, Accounting, Insurance


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RE: 402 Policies in Force, Portable 60% Comm. Ins Book Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
If the price and deal structure is right.

Quick Facts

Asking Price: $395,000
Annual Revenue: $194,291
Net Profit: Not Disclosed
Cash Flow: $41,979
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 2
BBN Listing #: 509827574
Broker Reference #: 795 Insurance

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Business Overview:

A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of reoccurring clients speak primarily English and Japanese. With only 1% of clients coming in to make payments (85% are direct billed and 15% are agency billed), the book is highly portable. Net Income after recast is $41,979. Profits could increase for a strategic buyer with an existing operation and can thereby eliminate some expenses or share others. Seller is running this sub-optimally profit-wise.

NDA is required for first round package on the book of business crafted by ProNova Partners.

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Property Features and Assets:

Facilities: The location has been established for 32 years with minimal competition nearby. Approximately 700 square feet of office space in a small retail center rents monthly for $900. Month to month lease. Support & Training: 4 weeks at 20 hours per week.

Market Competition and Expansion:

Competition: There are two other players in the local vicinity and a number of other competitors as you expand outward, but not an immediate competitive threat because each player has different niche. Growth & Expansion: This book of business is portable. Seller recommends that the new owner hire producers to develop new accounts.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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