Description
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.
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.
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