402 Policies in Force, Portable 60% Comm. Insurance Book of Business

Los Angeles, CA (Los Angeles County)

Seller Financing Available
402 Policies in Force, Portable 60% Comm. Insurance Book of Business
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Asking Price: $275,000

Cash Flow: $41,979

Gross Revenue: $194,291


FF&E: $0

Inventory: N/A

Established: 1981

402 Policies in Force, Portable 60% Comm. Insurance Book of Business

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Business Description

402 Policies in Force, Portable 60% Comm. Insurance Book of Business

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: http://www.pronovapartners.com/engagement/402-policies-in-force-portable-60-comm-insurance-book-of-business/

A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of reoccurring clients speak primarily English and Japanese. With only 1% of clients coming in to make payments (85% are direct billed and 15% are agency billed), the book is highly portable. Net Income after recast is $41,979. Profits could increase for a strategic buyer with an existing operation and can thereby eliminate some expenses or share others.  Seller is running this sub-optimally profit-wise.

NDA is required 'LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Los Angeles, CA
The location has been established for 32 years with minimal competition nearby. Approximately 700 square feet of office space in a small retail center rents monthly for $900. Month to month lease.
There are two other players in the local vicinity and a number of other competitors as you expand outward, but not an immediate competitive threat because each player has different niche.
Growth & Expansion:
This book of business is portable. Seller recommends that the new owner hire producers to develop new accounts.
If the price and deal structure is right.
Support & Training:
4 weeks at 20 hours per week.
Reason for Selling:
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(from currently available funds)
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Rick Carlson

Business Listed By:
Rick Carlson

ProNova Partners

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