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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

Contact info

Pronova Partners

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