Unheard of multiple for a great Allstate book - priced for a 6 week or less sale - ideal transaction closing time frame is by May 1, 2018 or earlier! Total premium is $1.183MM, with $867k with Allstate and $316k with Ivantage. Very balanced book of business, 336 Auto, 425 Home, 86 Commercial & 25 Financial. Secured contingency bonuses in 2016 & 2015. No client exceeds $2,000.00 in revenue, so this is a very solid stable revenue stream to buy into at a 1.5x Net Multiplier. WILL NOT LAST!
About the Business
Number of Employees:
Currently in converted residential home that is a professional services building, 700 square feet.
Nearest Allstate agency is 3 miles away, competition is decent otherwise.
Growth & Expansion:
Good entry level acquisition target if it's someone's first purchase potentially due to price point, has been growing steadily since inception September 1, 2014.
Asking Price: $150,000 Gross Revenue: $153,000Cash Flow: $100,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $5,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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