Established Insurance Agency for sale

Salinas, CA (Monterey County)

Established Insurance Agency for sale
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Asking Price: $10,999,999

Cash Flow: N/A

Gross Revenue: $5,400,000

EBITDA: $2,264,000

FF&E: $0

Inventory: N/A

Established: 2008

Established Insurance Agency for sale

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Business Description

Established Business for sale

$5.4 million commission revenue insurance agency for sale. High profit margin of 42% for this nonstandard auto turnkey insurance operation in several locations in Northern CA. Tax preparation also included. Franchise agreement must be signed. Contact catoak@gmail.com for profile and to make an offer. Buyer must be able to offer $10.9 million or best offer will be accepted.

Detailed Information

Location:
Salinas, CA
Employees:
28
Facilities:
Office furniture, computers, reception area flat screen tv, office internet radio with speaker system, office letter light signs, 5 year lease agreement all this for all 7 office locations that sit in shopping centers.
Competition:
We dominate the non standard area in all the cities we are in. I don't really see a Con, maybe only for competition we are a Con.
Growth & Expansion:
Business still has a lot of growth capacity. We implemented some training a year ago that has made business grow 300% when my offices were already in the top 10 in the country for our franchise. Plus there tax business we haven't taken advantage of and commercial insurance that we haven't even touched. We also offer car registration service we could take more advantage of.
Support & Training:
I am an absente owner but could give support and training. I also have a accounting manual, there is documentation for sales, controls and training. Corporate also has a office manual for running the office.
Reason for Selling:
Looking into buying & selling businesses for career
Franchise:
This business is an established franchise
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Catherine Oak

Business Listed By:
Catherine Oak

Oak & Associates

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Ad#:1768894

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