SOLD ‘Q2 2024
Insurance Agency High Profit, Expanding, Low Maintenance
Woodland, CA (Yolo County)
Seller Financing Available if the price and deal structure is right
Asking Price: $1,200,000
Cash Flow: $250,000
Gross Revenue: $300,000
EBITDA: $250,000
FF&E: N/A
Inventory: N/A
Established: 2011
Employees: 1
Business Description
Our client is offering a highly profitable, essentially online (hands off) agency for sale.
The Agency was founded in 2011. The Agency sells the following product(s): Commercial Lines, Property & Casualty. All carriers are via MGA’s. There are no carrier to company contracts. The Agency currently has over 300 customers, all of which will be included in the sale.
The Agency is expanding at the rate of 15% yearly.
The Agency’s customers are located all over the United States. Market geography is mostly Amazon Reseller based through referrals. The Agency’s owner does no marketing. Every customer has come to them via a referral. Customers hear about the Agency’s services and email them. From there, the Agency goes through the normal process. At the end of each transaction, the agent asks for referrals.
The Agency has no employees or office rent and can be run from anywhere.
The purchase price for the entire Agency will include 300 P&C customers: no benefits customers. All sales are made via the internet. All existent accounts are included in the sale with the exception of Global Upside and Safeguard Global’s employee benefits programs.
The Agency does no marketing; all new customers are referrals or come through Amazon. Amazon forces all resellers to buy insurance and show proof of coverage. Since helping some initial referral customers obtain required insurance in order to do business with Amazon, the Agency’s customer list, all through word of mouth and referrals, now exceeds 300 plus clients and growth is 15%+ yearly. The Agency has become a resource to Amazon resellers from all over the world, as long as they have a USA address and phone number.
The Agency has no website. Buyer will have access to NOWCERTS to verify and manage the agency at buyer’s expense.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
N/A
Competition:
None with equivalent services
Growth & Expansion:
Currently growing “hands off” at 15% per year. There are literally many thousands of potential customers
Financing:
To be determined if the price and deal structure are right.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business
Reason for Selling:
Other business interests
SOLD-High Profit Insurance Agency For Sale
