OFF-MARKET – Houston Insurance Agency for Sale

Diversified Personal & Commercial Lines Houston Insurance Agency

Houston, TX (Harris County)

Asking Price: Competitive Auction Format

Cash Flow:

$300,000.00

Gross Revenue:

$425,000.00

EBITDA:

N/A

FF&E:

N/A

Inventory:

N/A

Established:

1990

Business Description

Very spread out by carrier, policy types, lines of coverage(s) (home/commercial/auto/health) – in order as it skews heavy home & flood-related overall.

This portable agency acquisition candidate has all the metrics an established agency operation is looking for in terms of an ideal tuck-in transaction candidate. Derisked in terms of client concentration, policy type, carrier mix, basically every measurable attainable to qualify this book of business acquisition as ‘low risk’ / high reward is satisfied.

1 Commercial Lines Manager, 1 Personal Lines Manager, and 1 assistant to the Personal Lines Manager can come *with or without* the agency purchase, subject to Buyer’s team dynamics and preference. No lease (thanks Covid!) so this just ports right into your existing infrastructure, plus the staff have now been working remotely for months and are happy doing so for the future.

400+ commercial policies includes some small group health accounts, and 900+ personal lines policies which also includes some individual health business.

Regular recurring deposit activity every month from approximately 30-ish carriers as needed by line of business, only a few GA’s being used.

NDA is required for short form synopsis of the agency, but a comprehensive commission deposit reporting schedule of the target is included post-NDA.

Only the winning bidder will secure access to the principal.

Detailed Information

Employees:

3

Facilities:

Portable, all clients domiciled in Texas.

Competition:

Insurance is a competitive industry, this agency has a multi-decade track record so just feeds off renewals year after year.

Growth & Expansion:

Abundant growth opportunities, little to no marketing for most of 2020.

Support & Training:

As needed, but this is a retirement play so 1 year paid training maximum is preferred by the principal.

Reason for Selling:

Retirement.