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We have a couple of established books of business in the LA metro area which currently total approximately 1,600 policies in force as of November 2019. (Approx. 180k in yearly commission renewals) The agencies are located in the Downey/Long Beach area but can be relocated to any office location you desire (ideally within a 30 mile radius of current offices) The agents have been in business for over 20 years and hold an excellent retention rate but have decided it is time to retire. Sale price is TBD, serious candidates can meet with the agents and negotiate. Price is totally negotiable between agent and buyer, Farmers does not get involved in selling price. This is an excellent opportunity More info
Large book of commercial accounts, ~600 clients split (40% WC / 40% GL / 20% Commercial Auto & the rest - no benefits). Has a direct State Fund Appointment, and acquirers with a direct appointment would likely have an easier go of it. Clients are spread across California - 80%, other states include NV, AZ, (TX & OR have a handful of accounts). Immense range of trades spanning construction, transportation, manufacturing, small businesses across the spectrum. Seller is a 30 year industry veteran with a vast network of insurance carrier relationships. Seller is looking to stay with the business for a year or two and team up with a well More info
Own your own profitable Farmers Insurance Agency producing $300,000+ Gross Annual Income in Farmers Commissions alone. 2,700 PIF (policies-in-force). Approximately Equal amounts of Auto/Home lines, balanced with healthy book of Commercial, Life, Umbrella, Specialty products, and Securities accounts Current agent holds 6/63 Securities license and an Arizona License as well. This is a 2nd Generation, Family Agency, first started in 1973. Well established procedures and systems in place. Endless potential on existing book-of-business and marketing programs in place. Additional commission can be earned through brokered, outside business. More info
Business Description: Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: http://www.pronovapartners.com/engagement/high-net-portable-construction-heavy-commercial-agency/ Large, portable, construction-heavy book of commercial business is the result of six strategic acquisitions over eight years now offered as a collective opportunity for an established agency to cross-sell its way to long term profitability or fast-track a new agency’s launch. Since 2012, the company has specialized in construction-trade coverage and successfully grown into a robust and certifiable big book of business. More info
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: http://www.pronovapartners.com/engagement/402-policies-in-force-portable-60-comm-insurance-book-of-business/A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of reoccurring clients speak primarily English and Japanese. With only 1% of clients coming in to make payments (85% are direct billed and 15% are agency billed), the book is highly portable. Net Income after recast is More info
Established P&C agency located in LA County. The agency has approximately $600k of revenue and roughly 2,000 policies in place. The book of business is primarily personal lines business with companies such as Alliance, Infinity, Kemper, National General & Anchor National. The agency has a scalable business model, great staff, and low loss ratios with its carriers. Interested buyers will need to own an independent P&C agency and demonstrate $180k in available capital or provide other evidence of financial capabilities to be disclosed. Financial information is based upon Trailing Twelve-months ending August, 2019. Seller is currently on a month to month lease. More info