OFF-MARKET- SoCal Preferred Personal Lines Insurance Book of Business for Sale

SoCal Preferred Personal Lines Insurance Book of Business for Sale

Corona, CA (Los Angeles County)

Zip Code: 92879

Asking Price:

$792,000

Cash Flow:

N/A

Gross Revenue:

$263,159

EBITDA:

N/A

FF&E:

N/A

Inventory:

N/A

Established:

2014

Employees:

N/A

Business Description

An independent insurance agency that has been primarily focused on non-standard auto acquired a Travelers appointment in 2018 and did a book roll, moving policies and growing a preferred and standard book worth upwards of $2 million in premiums. This Company has ultimately decided to switch focus to commercial and wishes to divest of the Travelers book and a Nationwide book as well.

For the right roll-up buyer, this is an excellent opportunity to pick up these policies and to grow your agency. Most accounts have been with the Company for 9 – 10 years, and in the last year the Company experienced rapid growth of about 30% in the Travelers book. NDA required for initial package.

Detailed Information

Facilities:

This is a book sale

Competition:

Insurance remains a competitive and highly fragmented industry. Our advice is to proactively contact these customers when their current policies come close to renewal dates to ensure they have the best coverage for the best possible price, and provide friendly and helpful customer service when these customers contact you with questions about their coverage.

Growth & Expansion:

We are pleased to help the right buyer grow through acquisition by adding this book to their well-established agency.

Financing:

Seller prefers an all-cash sale

Support & Training:

Seller will make himself available for the first week after purchase to help the Buyer smoothly transition these policies to their agency.

Reason for Selling:

Pursuing a different focus within the insurance industry