Business Description
Solid retention (70%) non standard auto shop in Gardena that provides DMV services and large broker fee volume to provide a significant net income to the owner operator. Breakdown of the book is 82% Auto, 15% Commercial, 3% Home, 3% General Liability. Clean loss ratios across the top carriers in the 30's/40's/50's, etc....Top carriers in terms of revenue are Carnegie, Legacy, Alliance United, Access, Greenpath and Multistate. Revenue breakdown is about $7,500 monthly commissions, $12,000 Broker Fees, $3,500 DMV Services, $1,500 endorsements, $1,000 for office payments. 2 Employees help run the operation and get an hourly rate plus broker fee overrides to ensure profitability and high net income for the Owner. Seller uses Insurance Pro agency management system and is open to a corporate sale so post-closing integration theoretically should be a breeze. Seller only wants cash deals hence the aggressive pricing. NDA is required for the address and first round due diligence package on file with Ace Business Brokers.
Additional Features
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Typical street front non standard auto shop with good signage and excellent parking situation.
Competition: This area is pretty heavily concentrated but the Seller has been established for awhile now so has a nice sized repeat book in place already. Also consistent marketing and DMV services keep new clients coming in all the time.
Growth & Expansion: No health insurance, so that could be built up.
Support & Training: As needed.
Reason for Selling: Started a separate large scale food business already.
Ace Business Brokers NDA & Buyer Profile
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