SOLD-Non Standard Auto Agency for Sale – (San Diego, CA)

SOLD! ‘Q2 2018

Non Standard Auto Agency for Sale? Yes, this Non-Standard Auto Agency has 784 Policies throughout CA! Are you looking to start in the auto insurance market or ready to expand your current non standard insurance agency book? If so, this is the ticket!

San Diego, CA (San Diego County)

Zip Code: 92126

Asking Price:
$145,000

Cash Flow:
$131,000

Gross Revenue:
$280,000

EBITDA:
N/A

FF&E:
N/A

Inventory:
N/A

Established:
2016

Non Standard Auto Agency for Sale – Business Description

This is a perfect owner-operator business opportunity! Why? Because this business is currently operated by two partners and no employees. This means huge room for growth with little overhead.

Non-standard auto book of business with $784 policies in force, a huge business opportunity to cross sell and work the existing book.

This insurance agency for sale is recorded at $80,000 in gross commissions, $200k in broker fees. Ready for conversion and policy growth for the new buyer!

Most of the business is with Insurance carriers such as: Kemper, Foremost, Progressive, Aspire, and Infinity.

Insurance Agency is part of an agency aggregator.

Cancellation fee to dissolve the agency aggregator relationship will be seller expense and is factored into the asking price of the Business. Insurance agency partnership was formed in 2016.

Sellers wish to sell the book of business and dissolve the partnership. Policies holders are located throughout California and can be easily rolled over or cross sold to maximize investment dollars!

Auto Insurance Agency for Sale – Detailed Information

Facilities: Office located in Miramar / Sorrento Valley area of San Diego. Book of business can be easily rolled up into an existing operation and relocated.

Competition: Highly fragmented & competitive landscape.

Growth & Expansion: Primarily a renewal book. Good entry level acquisition target if it’s someone’s first purchase potentially due to price point.

Support & Training: As needed.

Reason for Selling: Other business interests.

Other Business Information:

NDA is required for further details on file with ProNova Partners.