The owner of the business has reduced the price of the business to $8,000,000
They have discovered that more than likely this lucrative insurance business may need to be financed.
There are three business's and wanted to briefly touch on those.
The first business is a career captive insurance agency with an office in Arizona, and one other state that assist's the needs of the Senior Citizen Community which is the fastest growing demographic today. The products include Medicare Supplements, Medicare Advantage, Life Insurance for all ages, Long Term/Home Health care plans and income planning through Annuities.
If the client has a need to change Medicare plans, we can assist with that as long as it is the best interest for our clients.
The company is contracted with new innovative products that have the potential of being an insurance industry game changer.
All agents commissions are assigned to the corporation and paid at current levels based on performance and/or management levels of their team, if the agent is a team leader/trainer.
They also have a second to none training program for new agents. There are seven new agent's within the last six weeks ( as of May 10th, 2018). The new talent receives office training as well as field training..
The company has a number of lead programs available from the nation's largest insurers because of the amount of business they produce. There is also an in house program that will be addressed a little further in this . The company has seven full time employees that assist in the daily operation of the business in Phoenix. Staff handles processing insurance applications, day to day operations and accounting, as well as the key: Great Client Support. The business cares very much for the client and went to make sure that great care is provided. It also gives the agent the ability to go out and do what they do best, and that of course is additional business they can write. This of course helps the company.
CURRENTLY the three companies generate over $3,000,000 in annual revenue. There is a large book of business and a 95% retention rate.
The second company is a non-profit 501c3, that has one employee and is currently funded in part by the state of Arizona. It is set up to assist senior citizens with supplemental nutrition programs, Medicaid, income and other healthcare needs. There are millions of dollars in potential funding for a program like this. These funds could help social programs like meals on wheels, homeless shelters, and food banks just to name a few.
The caveat with this company is a lead generation tool for the main operation as they are able to offer the medicare advantage plans to these beneficiaries. This non-profit is receiving more referrals by local physicians than ever before as the community sees the need for this service.
The last business is an independent Insurance Agency that sadly, in the past has been worked very little. This group recruits agents from all over the country to sell products that are offered. This company has a possible exponentially huge opportunity to offer with this new, very affordable insurance plan that nearly anyone can benefit from. We have a very exclusive contract with this carrier. It opens a door to recruit even more agents within a few months. Another exciting bonus is a great new recruiter that has vast contacts throughout the country, that actually started working for the organization because of this new product. This speaks volumes. They have recruited nine agents to offer new products in the last fourteen days
Sole ownership sale.
Business is being sold because of family and health reasons.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- Lease Amount/Yr.:
The office in Phoenix is currently month to month. The new owner may extend the current lease, or may wish to move the location somewhere else at their discretion/expense.With the sale of the business the new owner will have a turn key operation that will include all office equipment, desk, chairs, workstations and business machines. It can handle as many as 100 career agents.
As part of the sale, there is also a satellite office in another state . The leased office there is around 1800 square feet and it is expertly staffed.
Our agent's in Arizona have a huge amount of prospects with this ever growing senior citizen community. Residents living in the state, as well as "snowbirds" who live here in the winter months.
According to a United States Government statistic, that in 2000 there were 35 million people 65 and older. In 2016 that number grew to over 49 million.
Growth & Expansion:
Phoenix, and Arizona in general has a huge population in need of what we offer. Besides the senior community that live here year round, we also have scores and scores of people that winter here.
In 2000 there were 35,000,000 and today it is 49,200,000 according to the US census.
The bad. We can recruit agent's that don't always do their job, so retention can be an issue. Many agent's have the mindset to just make enough to get by on, so when a big expense comes it is hard to continue. Things like taxes owed is one example.
About the Sale
- Reason For Selling:
Health and Family issues.
The owner will assist the buyer for 90 days in a seamless transfer. If additional time is needed, the owner would be willing to negotiate that in a separate agreement
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