Description
SOLD ‘Q3 2023
SIGNIFICANT PRICE REDUCTION TO BLOW THIS OUT BY 8/31!!
NY Commercial P&C Insurance Book of Business for Sale
New York, NY (New York County)
Cash Sale Only
Asking Price: $110,000
Cash Flow: $53,235
Gross Revenue: $55,235
EBITDA: See CIM
FF&E: N/A
Inventory: N/A
Established: 2021
Employees: 1
Business Description
The Company was formed in 2022 to provide a software solution for general contractors regarding compliance. The Company created the insurance division with the idea of providing a more complete solution to the market. After a little over one full year in business, the Company has determined that their best path forward is to focus on the software side of the business and to divest of the insurance – understanding that a Company that is experienced in this space and well set up with supporting infrastructure will be a better steward for this book of business. As there really is no crossover between software clients and insurance clients, this should be a nice clean book roll.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
No facilities. Book roll only
Competition:
Highly fragmented. Take good care of the book and offer products they can use, and stand out.
Growth & Expansion:
Primarily a renewal book. There are cross-sell opportunities as well as a likelihood that a Buyer may have better commission rates negotiated with carriers than this Company has. So there could be immediate upside.
Financing:
Cash sale preferred.
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:
Other business interests