OFF-MARKET ‘Q3 2024
Trio of Financial Services Businesses Under One Roof
Fresno, CA (Fresno County)
Asking Price: $12,000,000
Cash Flow: $1,716,273
Gross Revenue: $2,302,929
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2008
Employees: 8
Business Description:
This profitable trio of companies is comprised of three separate entities; one for each of the financial services provided. An acquisition would include the Insurance Brokerage (a California S-Corp), a Financial Planning Corporation (a California S-Corp), and a payroll solutions company that is an LLC. All are solely owned by a professional couple.
The business grew from modest beginnings. Although it launched in 2008 as a commercial insurance office, the three divisions today create $2,300,000.00 in gross revenue and serve more than 1700 clients.
Establishing a strong work ethic incorporating both urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable business with 1,000 active policies.
This insurance book features an incredibly low loss history – below 5% – and a remarkably high retention rate of 99.72% steady for the past 36 months.
Combined Agency Revenue is $755,000 per annum.
The financial planning and management corporation is an independent fee-only Registered Investment Advisory service. The firm manages $88.1M in client AUM. The average client pays AUM fees of 1% to 1.3%. The Company represents 750 clients and created gross revenues of $966,000 in 2023.
The payroll firm works with just over 400 business clients to gross $580,000 per year. About $75,000 per year is generated by TPA services for 401k plans.
NDA is required {SUBMIT BELOW} to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
The Company is headquartered in a professional commercial complex. Two years are remaining on the lease. The monthly rent is $9,000.
Growth & Expansion:
Cross-sales of existing clients could be highly rewarding. Additional advertising or launching social media could also be beneficial.
Financing:
Only if the deal structure is right for a highly qualified Buyer.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed. He will consider an ongoing paid position as a consultant, executive, or as negotiated.
Reason for Selling:
The Sellers are looking to spend more time focused on family.
OFF-MARKET-Trio of Financial Services Businesses For Sale
