Through exceptional customer service and marketing via seminars this Company has grown into a turnkey enterprise for someone looking for a stable, profitable book of happy annuity clients that can be swallowed whole. Easy integration as all files sit in the Seller's online database system for a seamless data dump post Closing, not to mention the thousands of client files/leads that did not convert which include the family net worth snapshot, contact information, etc...that can be mined for future conversions. 80% of the clients are located 25 miles from Newport Beach home territory, 60% of new business comes from existing satisfied client referrals. Many accounts have funds available now and upcoming and are ripe for consultations from a Buyer that may have a more diversified product offering or set of products that can help preserve and grow their wealth. 100% commission based, average age of client is 72, average net worth of 75% of clients is $1.5MM. Revenue is 90% annuities, 5% alternative investments and 5% life insurance. NDA is required for further details from Ace Business Brokers.
Facilities: Portable within Orange County, on a month to month lease presently, Buyer doesn’t need to absorb the space to maintain revenue/income. (Home Based)
Competition: Competition is strong in this industry, but the premium service that the Seller provides his client base keeps them happy, long term relationships.
Growth & Expansion: Hasn’t really gone after the AUM, large upside for that play within this client book.
Financing: $400k Cash Down, $5k / Month for 60 Months at 0%!
Support & Training: As needed.
Reason for Selling: Other business interests.
Home-Based: This business is Home-Based
Ace Business Brokers NDA & Buyer Profile
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