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Description

OFF-MARKET ‘Q3 2020

Multi Broker Agency Business for Sale in Egg Harbor, New Jersey!

This is an exciting opportunity to jump in on the ground floor of a new company inspired by a business model already shown to be wildly successful for similar players. Several key strategic partnerships are in place and more key players are coming on board, including a major retailer and a well-known tax and accounting firm. A strong executive team exists with over 100 years combined experience in insurance and financial services. The Company is undergoing rapid growth and projects profitability beginning in 2023. Year 2 projected net profits are $9.7MM, year 3 projected net profits are $20.8MM.

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

Detailed Information

The Company has negotiated and secured a strategic partnership with a major retailer for opening insurance offices inside the retail locations on a regional and national basis. The Company has the potential to open 200+ offices over the next 9 years. Each office projects $500k in revenue annually, potentially growing to $1-5MM per office.

Market Competition and Expansion:

Competition: Competition for insurance clients always exists, as individuals have many options. This company targets the insurance client who wants to speak to an agent face-to-face and receive a personal level of customer service that they cannot get through online services. The Company also continues to increase its product and service offering, creating a one-stop-shop for many insurance and financial services. Offices strategically placed in locations with high amounts of foot traffic create a major competitive advantage for this company over those with only online or even street side locations.

Growth & Expansion: The Company projects a potential return on investment (ROI) of up to 5, 10, or 20X for Series A investors. The Company anticipates it will have a range of exit options available for its investors within 3-5 years, in the form of an IPO, stock repurchase, or strategic acquisition.

Agency Business Overview:

  • A strategic partnership with a well-known tax and accounting firm is in place,
  • A strong executive team exists with over 100 years combined experience in insurance
    and financial services.
    The Company has negotiated and secured a strategic partnership with a major
    retailer for opening insurance offices inside the retail locations on a regional and
    national basis.
  • The Company has the potential to open 200+ offices over the next 9
    years.
  • Each office projects $500k in revenue annually, potentially growing to $1-5 MM
    per office.
  • The first office opened in Florida in fall of 2017 and is signing up new
    insurance clients every week!

Other Information:

National Multi-Broker Agency – With Huge Growth Potential!
Great business opportunity and investment! This is an exciting opportunity to jump in
on the ground floor of a new company inspired by a business model already shown
to be wildly successful for similar players.

The Company’s Business Plan, Private Placement
Memorandum, and additional info are available.

NDA is required.

 

Contact info

Pronova Partners

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