Relocatable CA Trucking Insurance Agency

Asking Price:$1,100,000 Gross Income:$431,000 Cash Flow:$168,000
EBITDA:N/A FF&E:$10,000 Inventory:N/A
Real Estate:N/A Established:2006 Employees:1

Business Description

Secure this portable opportunity as a perfect roll up acquisition for a large agency looking for a loyal Western United States trucker clientele along with a premium trucking carrier appointment that provides a massive advantage when quoting against the competition. Must be a trucking focused agency or at the bare minimum have 3-4 staff members that are knowledgeable and focused on trucking and transportation in order to be a viable buyer. Commission revenue is about 60% trucking specifically with the balance spread across commercial insurance written for other SIC codes and a sprinkle of benefits. The primary carrier is very picky about appointed firms, and prior to closing a personal or remote interview will be required along with acceptance in writing that the Buyer has been approved. Currently operating out of an office WITHIN 2 HOURS NORTH of Los Angeles, this can be absorbed as-is with the office manager & CSR, or you can just pick off the book and roll it in to your office. Clients do not visit so the office is not a requirement to effect a smooth closing and transition period. Book is concentrated in California, but writes in half a dozen other western states. NDA is required for first round due diligence package on file with the Broker.

Additional Features

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

Facilities: Relocatable within the Western US, key carrier has defined territories.

Competition: Commercial Trucking insurance is relatively competitive, but this company competes where it counts, which is excellent customer service and pricing power with favorable carrier contracts.

Growth & Expansion: Expand marketing initiatives to grow the book.

Financing: $600k Down, $500k @ $8,333.33 / Month for 60 Months!

Support & Training: As needed.

Reason for Selling: Eventual retirement.

Listing Inquiry