Looking for a buyer.
The highly successful Insurance Brokerage is a California S-Corp that grew from modest beginnings after launching in###-###-#### Serving local business people later spawned two other divisions that are not included in this transaction. Its policies today bring in $6,400,000 in premiums via 620 policies.
Establishing a strong work ethic incorporating both urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable business.
This insurance book features an incredibly low loss history - below 5% - and a remarkably high retention rate of 99.72% steady for the past 36 months.
Net commission in2023 was $575,000 per annum###-###-#### profits are expected to increase given the company’s history of growth, along with increasing premium rates.
The focus of the agency is commercial policies with (80%) followed by property-casualty, group health benefits, and personal lines coverage, (20%). The operations are turnkey, said the Seller. Renewals and new business are administered and handled via competent staff members without the owner's daily oversight.
Two outside insurance producers are commission-only. They create less than $150k in total premiums. Administration assists with retention. An account manager administers the Group Health Plans.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The Company is headquartered in a professional commercial complex. Two years are remaining on the lease. The monthly rent is $9,000. The Buyer may wish to sublease the location or move operations.
Competition: Insurance is competitive, but this operation has a well-established reputation with the local business community.
Growth & Expansion: Cross-sales of existing clients could be highly rewarding. Additional advertising or launching social media could also be beneficial.
Financing: Only if the deal structure is right for a highly qualified Buyer.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed.He will consider an ongoing paid position as a consultant, executive, or as negotiated.
Reason for Selling: The Sellers are looking to spend more time focused on family.
listing type
exclusive representation
exclusive representation
industry
Insurance
Insurance
location
Fresno, CA, USA
Fresno, CA, USA
revenue
$755,023
$755,023
ebitda
$691,347
$691,347
proposed price
$3,500,000
$3,500,000
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