SOLD-New Jersey Independent Insurance Agency for Sale

SOLD ‘Q2 2022

New Jersey Independent Insurance Agency 70% Auto 585 PIF’s

Wall Township, NJ (Monmouth County)

Asking Price: $ 399,000

Cash Flow: $ 125,300

Gross Revenue: $157,200.00

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1990s

Employees: 2

Business Description:

This established, diversified independent agency, appointed by top P&C, Standard and Non-Standard, Life, Health, and Home Carriers, is offering its Book of Business. Of the approximate 585 policies, the distribution is 10% Home, 70% Auto, 18% Commercial 2% Life, health, and bonds.
Annual Premiums: $1,200,000.
The Business is well-suited for a growing agency, those that want to expand offerings, and those looking for cross-sales opportunities (with commercial and financial products that this agency does not market heavily), for a steady residual income. High renewal rates.

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

Detailed Information

Facilities:
Excellent location at a reasonable rate, but not necessary to maintain clients or grow the business. The seaside business is on the northern Jersey Shore, 45 minutes west of Trenton and within 90 minutes of Manhattan.

Competition:
Through new marketing and lead generation efforts, as well as the recent staffing addition to bring in new productive people, competition will not overcome enthusiasm. A Buyer can take this energy revival and build the businesses much bigger. Rates from all carriers are reasonably consistent, so listening to the needs of clients and providing great customer service will make a big difference.

Growth & Expansion: The Seller has developed a good working relationship with a below retail value lead provider and brought in additional help to process leads with the goal of bringing in new business. To expedite additional growth, another sales agent would increase the number of leads that can be processed weekly.

Financing: No

Support & Training:
To ensure a smooth transition and ongoing success the Seller will work with a buyer for a month, longer as an on-call consultant, or as negotiated.

Reason for Selling:
This Indy book conflicts with a pending purchase of a bigger franchise agency.