SOLD ‘Q4 2023
Commercial Trucking Insurance Agency For Sale
Valley Springs, CA (Calaveras County)
Asking Price: $900,000
Cash Flow: $244,218
Gross Revenue: $304,218
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2001
Employees: 2
Business Description:
As a Business available for acquisition, this opportunity is highly attractive to prospective Buyers seeking to expand their Commercial Trucking insurance portfolio. Founded in 2001 by a married couple, the Company holds a Book of Business consisting of approximately 165 policies, $2.2M in Premium with commercial auto policies accounting for 95% of the portfolio. The top three carriers within this book are Glen A. Schuberg, Progressive, and Ryan Turner Specialty.
It’s important to highlight that there is no physical office or employees, making this a straightforward book roll for the right Buyer.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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:
Sellers are ready to retire.
SOLD-NorCal Commercial Trucking Insurance Agency For Sale
