L.A. $1.5 million insurance agency book High Mercury! portable business $113 net commissions
| Asking Price: | $259,000 | Inventory: | |
| Gross Revenue: | $1,500,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $113,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Total billed |
| Cash Flow Comments: Total cash flow from owning business. |
This is a 20 year old insurance company that has been around for a very long time. Clients are in the San Fernando Valley area of California, but the clients very rarely come into the office (about 10 per month) out of roughly 1500 clients total serviced. Book of business includes $880k Mercury at 5%, Progressive is $157k, Victoria $26k, Homeowners (Mercury included) is $98k, Fidelity National Preferred $15k, Superior Access Safeco is $150k, $30k Bristol West, $36k Western General, and the remainder is miscellaneous. One folder tells the whole story and has all verifiable books and records for the prospective buyer. Seller will carry if qualified and the deal structure makes fiscal sense. Selling at industry standard multiples, will not last long. NDA is required for exact business identity and to schedule a conference call or buyer/seller meeting.
About the Business
Year Established:1989
Employees:1 full time - 4 part time
Relocatable:Yes
Home Based:Yes
Facilities:Office space, not necessary for business.
Market Outlook and Competition:High competition in insurance field, however, long history and same phone number results in referral calls and long term renewals.
About the Sale
Management Training and Support:2 weeks 40 hours per week, will stay on longer on a consultant basis if necessary.
Reason For Selling:Partnership split.
Seller Financing:If the pricing and deal structure makes sense, of course.
KEYWORDS: insurance, agency, state, farm, allstate, hartford, sale, business, los angeles, la, california, ca, san, fernando, burbank, van nuys, hollywood, north, south, east, west, sherman, oaks, glendale
This is a 20 year old insurance company that has been around for a very long time. Clients are in the San Fernando Valley area of California, but the clients very rarely come into the office (about 10 per month) out of roughly 1500 clients total serviced. Book of business includes $880k Mercury at 5%, Progressive is $157k, Victoria $26k, Homeowners (Mercury included) is $98k, Fidelity National Preferred $15k, Superior Access Safeco is $150k, $30k Bristol West, $36k Western General, and the remainder is miscellaneous. One folder tells the whole story and has all verifiable books and records for the prospective buyer. Seller will carry if qualified and the deal structure makes fiscal sense. Selling at industry standard multiples, will not last long. NDA is required for exact business identity and to schedule a conference call or buyer/seller meeting.
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