North OC 80% Benefits 20% Personal Lines Insurance Agency

Asking Price:$400,000 Gross Income:$230,000 Cash Flow:$100,000
EBITDA:N/A FF&E:$30,000 Inventory:N/A
Real Estate:N/A Established:1990 Employees:4.5-FT

Business Description

Sold 'Q4 2016

Perfect expansion opportunity for a health-light or health-heavy existing agency; or buy a job for an independent minded licensed health agent! With this acquisition the Buyers secures an existing 2.5+ decade operation that has a seasoned organization, an optimized and proven marketing system, and a steady recurring revenue client base that just renews renews renews. 80% of the health insurance revenue is individual, 20% is small group. 1,661 individual family plan policies, 373 Senior/Medicare accounts, 170 Home/condo policies, 87 Auto, 72 Commercial, 74 Life accounts, 29 Group Health (All UNDER 20 lives) 25 LTC. $82k in 2015 just from Blue Shield (Care Trust Networks), other top revenue streams include Anthem Blue Cross, Healthnet, Kaiser, The Hartford (PL), California Choice, Aetna Life among others through a relationship with SIAA. NDA is required for full package on file with Ace Business Brokers, Inc.

Additional Features

Real Estate: Leased

Building Sq. Ft.: 1,125

Lease Expiration: 8/31/2017

Employees: 4.5 FT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: 1125 square foot in an office building setting. Plenty of room for everyone.

Competition: Insurance is plenty competitive but this agency has a high retention rate and continues to profit year after year after year.

Growth & Expansion: They just recently hired a telemarketing service to provide them warm leads. So far the pilot program has proved successful so upping the spend there would be a source of added revenues.

Financing: $200k Cash down, $5k / Mo. for 40 Months – Secured by RE ONLY.

Support & Training: As needed.

Reason for Selling: Other business interests.

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