SOLD ‘Q2 2022
Utah Insurance Agency 70 Percent Non-Standard for Sale
West Valley City, UT
Some Seller Financing Available if the price and deal structure is right.
Asking Price:
$450,000
Cash Flow:
$125,000
Gross Revenue:
$274,414
EBITDA:
N/A
FF&E:
$20,000
Inventory:
N/A
Established:
2011
Employees:
3
Business Description
Our Insurance Agency client sells standard and non-standard auto insurance companies, plus home, renters, commercial, and life insurance policies. At least 70% of the total premium corresponds to non-standard, due to numerous referrals from existing clients. Our client has sold 1,000+ new policies over each of the past 2 years and expects to exceed 1,000 policy sales in 2021.
Whereas in theory, anybody can sell insurance, Our Client does it with excellent customer service and thus, our client now has a great book he has retained and grown over the years. It is bringing in steady income, and in the right hands, it can provide much more. The Company represents and sells various non-standard, and standard auto insurance policies as well as home, renters, commercial, and life insurance policies. The company’s biggest market currently is non-standard, taking up at least 70% of the total premiums, due to many referrals from well satisfied existing clients. Our client has substantial customer retention.
Our client is amenable to selling the book only or the business in its entirety.
Our client’s greatest milestone thus far is passing the $1.8 million mark in written premiums on a YTD basis. As an independent agency, our client works with many insurance carriers. NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Facilities:
rental space.
Competition:
Others in the insurance industry.
Financing:
Some financing is available
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
The Owner wishes to focus on other projects.
SOLD-Utah Insurance Agency 70 Percent Non-Standard for Sale
