Growing Service Provider to the Insurance Industry

Not Disclosed, MO
Greene County

Southwest Missouri


Asking Price: Annual Revenue:
$599,000 $912,155

Services: Non-classifiable


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RE: Growing Service Provider to the Insurance Industry Broker: Bret McGowne
Owner Financing is Available!
The sellers will consider owner financing if required by the SBA lender.

Quick Facts

Asking Price: $599,000
Annual Revenue: $912,155
Net Profit: Not Disclosed
Cash Flow: $223,762
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 395934791
Broker Reference #: 42500005

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Business Overview:

• Increasing sales and profitability each year
• Two top clients have projected increased workloads for 2021
• Niche business with few competitors
• Business is operated with just a few employees besides the owners
• Business well established and respected in the industry
• Immediate profitability – take over one day, be profitable the next
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms
• Sellers will sign a non-compete agreement

The business was begun by two partners about two decades ago. Both partners have extensive experience in the industry where their professionalism and integrity make them respected industry leaders.

The full-time office manager has worked for them over 10 years and the part-time employee has been with them for over 4 years.

The company provides services all over the world to the insurance industry. Roughly 80% of revenues are in the USA with 5% in Asia, 3% in South America and 2% in the Middle East. Approximately 8.5% are in Mexico, Central America and the Caribbean combined.
The company primarily works with insurance companies, third-party administrators, self-insured companies, and attorneys. Many of their clients have been with them for more than 10 or 15 years.

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Property Features and Assets:

The business is operated from an office of approximately 1,330 Square Feet. They are on a month-to-month lease with rent of $856.25 per month plus CAM.

Market Competition and Expansion:

There has not been a substantial increase or decrease in competition in the last three years. The owners feel like they have better name recognition than their competitors due to their longevity in the industry and the quality of the services they deliver. They separate themselves further from the competition by providing training to their clients. Two top clients have already forecast increased work volume for 2021. In addition, the owners feel like they could have done more to market their business. For example, there are numerous trade shows that they could have worked but chose not to do so. They also feel like there are lost opportunities because they did not meet with their clients face-to-face as often as perhaps they should have.

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.

Documents:

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