Gross income is $152k, including $148K commission and $4K broker fee. Commission takes majority portion at approximately 95%. Auto 65%, home 28%, commercial 7%. It has a mix of Chinese, English and Spanish speaking clientele. Net Income we believe should be around $82K. It could be higher for a strategic buyer who has existing operations, because some expenses can be shared.
Standard book of business = higher retention rate. The location has been established for 28 years - long history, minimal competition nearby. Currently 90% relying on referrals and 10% walk-in. Established agency management system and updated computer system in place (included in the FF&E). High sales conversion rate of 60%. Direct bill 100%. NDA is required for first round package on the book of business crafted by ProNova Partners.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
900 sq.ft. monthly rent $1,710 per month, expires in 2020.
Competition not as fierce as other areas in Southern California.
Growth & Expansion:
Expand through digital marketing. Build a website, more advertising, seminars and training / business development programs.
About the Sale
- Reason For Selling:
Owner needs to take care of mother.
4 weeks at 20 hours per week.
- Seller Financing:
$200k down, $943.56/Mo. for 60 Months at 5% interest
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