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- RE: Trio Of Financial Services Businesses Under 1 Roof
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $12,000,000 | |
| Annual Revenue: | $2,302,929 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,716,273 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2008 | |
| Employees: | 8 | |
| BBN Listing #: | 944873 | |
| Broker Reference #: | 1222 FINANCIAL |
Business Overview:
This profitable trio of companies is comprised of three separate entities; one for each of the financial services provided. An acquisition would include the Insurance Brokerage (a California S-Corp), a Financial Planning Corporation (a California S-Corp), and a payroll solutions company that is an LLC. All are solely owned by a professional couple. The business grew from modest beginnings. Although it launched in 2008 as a commercial insurance office, the three divisions today create $2,300,000.00 in gross revenue and serve more than 1,700 clients. Establishing a strong work ethic incorporating both urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable business with 1,000 active policies. This insurance book features an incredibly low loss history - below 5% - and a remarkably high retention rate of 99.72% steady for the past 36 months. Combined Agency Revenue is $755,000 per annum. The financial planning and management corporation is an independent fee-only Registered Investment Advisory service. The firm manages $88.1M in client AUM. The average client pays AUM fees of 1% to 1.3%. The Company represents 750 clients and created gross revenues of $966,000 in 2023. The payroll firm works with
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Property Features and Assets:
Facilities: The Company is headquartered in a professional commercial complex. Two years are remaining on the lease. The monthly rent is $9,000.00
Market Competition and Expansion:
Growth & Expansion: Cross-sales of existing clients could be highly rewarding. Additional advertising or launching social media could also be beneficial.
Reason for Selling:
The Sellers are looking to spend more time focused on family.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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