Business Description
Perfect roll up opportunity or entry level platform acquisition for a newly licensed agent. Selling the book of business along with the ongoing relationship with the main referral source so the Buyer can enjoy the same new client lead flow as the Sellers have over the years. Top carriers by (policy count) are Infinity (195), Foremost (142), Western General (97), Progressive (45), Kemper (44), and about ten others that are under 40 policies (all non standard markets) for each carrier. 98% of the business is done over the phone. 97% of the business is Auto, 2% home and 1% commercial, with clean loss ratios across the board (anecdotal commentary from the Seller). 2015 commission revenues were $145,538.70, but this has gone down due to an acrimonious partnership split and the Sellers letting the staff go, etc....Priced to sell around 1.3x available/purchased commission revenue for cash buyers. Seller prefers cash deals as opposed to Buyers that require financing from a lender please, thanks!! NDA is required for first round package on this opportunity which is on file with Ace Business Brokers.
Additional Features
Facilities: Relocatable opportunity, no office included.
Competition: Insurance is a competitive industry.
Growth & Expansion: Sellers only focused on auto insurance primarily, customers could and should by cross-sold by new ownership.
Support & Training: As needed.
Reason for Selling: Partnership/relationship split.