SOLD ‘Q3 2023
Established NorCal Employee Benefits Group Health Agency
Burlingame, CA (San Mateo County)
Asking Price: $288,000
Cash Flow: $111,492
Gross Revenue: $115,134
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2002
Employees: 1
Business Description:
Don’t miss out on this extraordinary opportunity to acquire an established Employee Benefits Group Health Book of Business located in Northern California. Founded in 2002 and operating efficiently without employees, this promising acquisition holds significant potential for the right Buyer. The Company’s appeal is further heightened by a devoted client base comprising 9 Companies and 6 individual clients, contributing to its stability and diversity. With approximately 362 lives currently enrolled in benefits, there is ample room for continued growth. The Seller’s unwavering commitment to exceptional service is evident in clients’ long-term loyalty, averaging an impressive 9 years.
The Seller is prepared to ensure a smooth transition, offering a reasonable non-compete agreement to set the Buyer on the path to success. Act now and secure a thriving Group Health Book of Business for a bright and prosperous future.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
No facilities.
Competition:
The insurance industry is highly competitive, but acquiring this opportunity can lead to substantial business growth and the expansion of your book of business.
Growth & Expansion:
In addition to cross-sell opportunities, there’s a possibility that a Buyer may have negotiated better commission rates with carriers, which could lead to immediate upside for the Company.
Financing:
TBD if deal structure and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed to successfully transfer the book of business.
Reason for Selling:
Seller is ready to retire.
SOLD-NorCal Benefits Agency for Sale
