Looking for a buyer.
The family-owned and operated agency went independent a couple of years ago and has been increasing commissions ever since. The books have 450 policies in force – approximately 70% personal lines and 30% commercial. About 75 preferred businesses, with 15 surplus lines and 10 standard/substandard. The agency has clean books and records using a reliable client “Agency Master” management system and DocuSign. Carriers include Nationwide, Foremost, Infinity, Travelers, Safeco, Hartford among others. As an independent agency, the agents work with more than 50 appointments including many top carriers. Buyers will need to have an appointment with or be approved by the primary carrier. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: Excellent location with low rent for the area should a Buyer need or want to operate a location. Competition: Is always a factor in insurance, but stable client base and referrals from local real estate agents and other professionals help. After 20 years, they have a good reputation and good referrals. Growth & Expansion: Hiring another producer and reaching out to additional real estate companies/agents and the area’s many high-end car dealers. There are many cross-sales opportunities unexplored. Financing: TBD if the deal structure and terms are acceptable. Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for one month or as negotiated. Reason for Selling: Retirement.

listing type
exclusive representation
Beverly Hills, CA, USA
proposed price
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