OFF-MARKET-SoCal High Net Worth P&C Insurance Book of Business for Sale

OFF-MARKET ‘Q3 2022

SoCal High Net High Net Worth P&C Insurance Book of Business

Marina Del Rey (Los Angeles County)

Seller Financing Available if the price and deal structure is right

Asking Price: $900,000

Cash Flow: $250,000

Gross Revenue: $360,000

EBITDA: $250,000

FF&E: $50,000

Inventory: N/A

Established: 1976

Employees: 1

Business Description

This book of business has an enviable client base and strong client retention and referrals. This unique opportunity is well situated for an experienced insurance broker to inorganically acquire high profile clients in the LA region.

With a strong history of growing revenues and profitability, this book will not last long. Acquire the business and employee to grow a new office, or just the book and juice your revenues, lots of ways to slice this one. Do not wait around, the Owner would like to be closed and out by September 1st.

Approximately 1,100 PIF’s, 93% retention rate, sub 40’s loss ratios for 2021 so this is a pristine target to scoop up!

NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:

The 400 sq ft offices are rented in the Marina Del Rey area.

Growth & Expansion:

This business does not advertise and generates a huge amount of business from client references. This could be a great opportunity for an already
established insurance business that competes on operational advantages.

Financing:

TBD if structure and terms are acceptable.

Support & Training:

As needed – specific terms for transition support can be negotiated.

Reason for Selling:

Ready to retire.