Description
Preferred Insurance Agency Personal Lines & Health
Lawndale, CA (Los Angeles County
Maybe Seller Financing
Asking Price: $3,100,000
Cash Flow: $507,000
Gross Revenue: $642,000
Carriers: Include but are not limited to Mercury, Safeco, Blue Shield, Anthem, Kemper, Progressive
Casualty, Travelers, United Healthcare, and LA Care.
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 1995
Employees: 3
Business Description:
This established, diversified independent agency, appointed by top P&C, Standard and Non-Standard, Auto, Health, and Home Carriers, is offering its Agency or Book of Business. Of the 2700 policies, the P&C distribution is approximately Homeowners -25%, Auto -70%, Commercial -5%, and Healthcare represents 33% of all policies. The retention rate is approximately 86% for P&C and 85% for Health from stable, long-term clients
Modern Technology has been implemented for greater efficiency, making the operation turn-key and the ability to handle the high volume of premiums.
The Business is well-suited for a growing agency, those that want to expand offerings, and those looking for cross-sales opportunities (with commercial and financial products that this agency does not market heavily), for a steady residual income. The Mercury appointment is from 20 years ago and brings in the most revenue.
NDA is required {SUBMIT BELOW} to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
Excellent location at a reasonable rate, conveniently located near freeways and several busy communities. The 1500 square foot space with room to spare and expand is $2500 per month.
Competition:
Through new marketing and lead generation efforts, competitors do not offer the same competitive carriers or customer service.
Growth & Expansion: The Seller is finalizing a new appointment that will allow writing policies for civil service and government employees. This means greater diversification and opportunities for adding new clients and cross-sales with Home and Auto insurance.
Financing: May be entertained under agreeable terms and conditions.
Support & Training: To ensure a smooth transition and ongoing success the Seller will work with a buyer for a month, longer as an on-call consultant, or as negotiated.
Reason for Selling: The Seller is going to retire and dedicate his time to his real estate holdings.
ProNova Partners Buyer Profile & NDA
***RED STARS ARE REQUIRED FIELDS***
This information is required and must be filled in completely before the Seller will release any vital information, including business address, financial due diligence package on file, and other sensitive confidential information.
It will also be used by ProNova Partners to match your buyer profile with future similar engagements our firm has for sale.
* Required
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