OFF-MARKET-Niche Insurance Consulting Firm for Sale

OFF-MARKET ‘Q3 2022

Niche Insurance Consulting Firm w/Extensive Expertise

New York, NY (New York County)

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

Zip Code: 10001

Asking Price: Best Possible Offer

Cash Flow: $858,000

Gross Revenue: $2,100,000

EBITDA: N/A

Inventory: N/A

Established: 1990

Employees: 10

Business Description

ProNova Partners is pleased to present this exceptional insurance claims recovery services enterprise that specializes in two very specific insurance-related verticals.  The firm has a number of in-house attorneys and a large team of A-players that are ready, willing and able to scale with either a strategic buyer or a well-capitalized supportive capital partner that is looking for a platform in the property and casualty world in general or the workers compensation world specifically to capitalize on and grow.  Historically the Company had a solid sales team, but more recently the Company has essentially obtained all of their clients based on passive inbound leads from their website and referrals from either current and past staff or former & existing clients.  The decision to not actively continue to market related entirely to the age and goals of the owners who chose to keep the business active but focus on dividend versus growth. Significant expansion opportunity exists for a Buyer with a good marketing engine. There are a large number of insurance carriers that should be using the Company which has penetrated only a small fraction of the total market.

NDA is required {SUBMIT BELOW} for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners which will cover in greater detail the line(s) of business the client is presently involved in.

Detailed Information

Facilities:

The company is based in a well-located build out but with C19 this space has grown to be discretionary at best.   The space could provide a launching point for the Buyer or once the lease is up the Buyer would secure additional cost savings by going 100% virtual.  Part of the Company’s business continuity planning has included plans for all staff to be able to work from home. This planning and training has allowed the current team to thrive during the pandemic and they are just as or even more productive without having to go to the office officially.

Competition:

There are a few players in each vertical the business operates in but no one else does both within one organization and no one does it better than the Company in each respective line of business.  No one merges the practice of business and law better in an area that requires both disciplines. The Company enjoys a very high retention rate.

Growth & Expansion:

As stated, significant upside exists for those that want to invest in marketing, and extend the use of services across existing books of their current business. What is unique is the significant built in future cash flow to enable expansion to occur with little downside risk.

Financing:

TBA if the price and deal structure is right.  Best overall bid takes it down.

Support & Training:

To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed.

Reason for Selling:

Liquidity event and retirement for the shareholders.