OFF-MARKET-Commercial Trucking Insurance Agency For Sale

OFF-MARKET ‘Q3 2024

Commercial Trucking Insurance Agency For Sale

Location: Ontario, CA (San Bernardino County)

Asking Price: $875,000

Cash Flow: $193,284

Gross Revenue: $343,477

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2022

Employees: 12

Top 4 Carriers: Evarspan, Protective Specialty, National Indemnity Insurance Company, and Progressive

Business Description:
Founded in 2022, this Commercial Trucking Insurance Agency holds a robust Book of Business, consisting of approximately 247 policies with $2.78M in Premium. The portfolio is dominated by commercial auto policies (99%) and a small portion of General Liability policies (1%). Key carriers include Evarspan, Protective Specialty, NICO, and Progressive.
In addition to insurance, the agency offers Department of Transportation (DOT) services to its clients, providing an extra layer of value and support to their trucking operations.
The business operates entirely virtually, with no physical office or on-site employees, making it an ideal book roll opportunity for the right Buyer.

*NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information:

Facilities:
No physical facilities.

Competition:
The insurance industry is highly competitive. Acquiring this business provides an excellent opportunity to grow your book of business and capitalize on existing client relationships.

Growth & Expansion:
The Buyer can explore cross-sell opportunities and potentially negotiate better commission rates with carriers, offering immediate growth potential.

Financing:
TBD based on deal structure and terms.

Support & Training:
The Seller will provide support and training as needed to ensure a smooth transition and ongoing success.

Reason for Selling:
The Seller is ready to retire.