SOLD-Inland Empire CA Insurance Agency for Sale

SOLD ‘Q2 2022

Insurance – Inland Empire Non-Standard+ Standout

Pomona, CA (Los Angeles County)

Seller Financing Available if the price and deal structure is right.

Asking Price: $550,000

Cash Flow: $101,500

Gross Revenue: $220,700

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Employees: 4

Business Description

Well-established, non-standard insurance agency with DMV and tax preparation services has long been successful thanks to the Seller’s commitment to customer satisfaction.
The Seller started in the industry in sales at a well-known non-standard agency while attending college; obtaining a political science degree. The part time position becoming permanent after graduation. When licensed as a Property and Casualty Broker-Agent in 2013, the first office opened.

The Seller has long understood the importance (and profitability) of providing honest, dependable, caring services to the non-standard community. Currently, the Seller reports customer demographics as being no more than 35% Spanish-speaking with an otherwise varied roster of English-speaking minorities.

The Business has been a staple in two neighborhoods with an ongoing need not only for insurance, but the support services that go hand-in-hand in taking care of family’s rudimentary necessities for living in Southern California. All three services provide a consistent and reliable revenue – with room for growth.

Thanks to being a certified DMV “partner”, the Company is listed on the agency’s website as an approved provider. Additionally, the Seller consistently makes new marketing efforts and spends time and money on Google AdWords; and is constantly upgrading and improving the company website. In a short time, the Company has garnered a decent social media presence. Comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners is available upon signed NDA {SUBMIT BELOW}.

Detailed Information

Facilities:

One office has been located near the 10/57/71 freeways for 11 years: The convenient location is 840 sq. ft. with the $1,300 per month. The second office is similarly located; near the 210 and 215 freeways. That 950 sq. ft. office has a 3-year lease $1,300 per month has an option to renew. Due to the support services, both locations see foot traffic daily.

Thanks to the business’s longevity, and familiarity in the neighborhood, moving immediately after a transaction could result in the loss of some clients.

Competition:

There is plentiful competition in non-standard insurance due to the need, especially in these areas. What makes this company standout is its consistency, and ever-changing marketing efforts to grow, improve and to consistently provide top-level customer service.

Growth & Expansion:

A strong leader with specific sales strategies, the ability to track individual performance, bring out the best in and keep employees motivated, is likely to increase the sales and reduce turnover

Financing:

TBD if 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 three months, and up to six months as on-call consultants, or as negotiated.

Reason for Selling:

With a Master’s Degree, the Seller is looking to work in that field of study.