STATESBORO, Georgia
| Asking Price |
$550,000 |
Year Established |
2018 |
|
| Annual Revenue |
$182,963 |
Reason for Selling |
The Seller is looking forward to pursuing other opportunities outside of insurance. |
|
| Annual P/L |
$0 |
Attention |
Rick Carlson |
|
| Annual Cash Flow |
$127,063 |
Listing Number |
1020351 |
|
| # of Employees |
2 |
Business Category |
Services: Financial, Accounting, Insurance |
|
Business Overview:
Established in 2018, this independent insurance agency specializes in commercial trucking and transportation insurance, with a primary focus on for-hire trucking accounts. The Agency maintains 96 active policies, generating approximately $2.0 million in annual written premiums and $200,000 in annual commissions. The book is supported by an established renewal base, with an estimated 70–80% of business derived from renewals and the remaining 20–30% from new business. The Agency is appointed with several established carriers, including Progressive, GEICO, Berkshire Hathaway Homestate Companies, and Canal Insurance, which collectively account for more than 95% of the book. The Business serves clients across 11 states.
This opportunity is structured as a straightforward book roll or tuck-in acquisition. Employees work remotely, and the size of the book makes it an ideal addition to an existing agency.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Property Features and Assets:
<p>Facilities: Not applicable with this book.<br></p>
Market Competition and Expansion:
<p>Competition: The Agency is well-positioned within the competitive commercial trucking insurance market, supported by an established book of specialized trucking accounts, longstanding carrier relationships, and a multi-state client base. Its existing renewal business provides an acquiring agency with an immediate foothold in the market and an opportunity to build upon an established portfolio.<br><br>Growth & Expansion: The Agency presents meaningful growth potential for an acquiring Buyer with an established presence in commercial trucking insurance. Opportunities include expanding the existing book through cross-selling, increasing new business production, and utilizing the Agency's multi-state footprint to broaden market reach.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity