Perfect opportunity for an existing multi-lines cross selling machine to come in and team up with a large CPA practice that wants to solidify their "one stop shop" approach to servicing their client base. Average business client is around $2MM in revenue, but they have plenty of clients across size ranges, SIC codes, primarily all within the state of Utah. Additional business available for those that can sell personal lines as well to all the 1500+ individuals. Break down of revenue for 2015 was $287k annuity revenue, $92k Health insurance commissions, and $140k in commissions from securities. Book of business has been penetrated only about 10-15% (only 10 groups approximately and 200-ish individuals), 0 life & 0 P&C right now so sky is the limit. 10 or 15 401k's & Simple Plans, along with $20+ million in assets under management that is on a commission basis v. fee. Seller wants to keep a 15% piece of the Company's gross production moving forward to ensure maximum win/win/win opportunity for all parties. NDA is required for further details from Ace Business Brokers.
Facilities: Desk is available for someone to come in and run it after closing.
Competition: Insurance and financial planning is a competitive industry but this large database of clients makes it easy to cross sell as a one stop shop.
Growth & Expansion: Ideal for multi-disciplinary insurance organization to round out the entire client pool across all lines and coverages. Easily another couple hundred thousand in top line revenue for those that have the right markets and sales acumen.
Financing: If the price and deal structure is right.
Support & Training: Long term transition is available.
Reason for Selling: Focus on core business.
Ace Business Brokers NDA & Buyer Profile
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