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Insurance Agency Needs Cross Sales
Location California,United States
Asking Price Range < $250K
Gross Revenues $66000
Net Profit / Cash Flow $24000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 1 - 3
Inventory 1000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 4 weeks, 20 hours per week.
Reason for Sale Retirement.
Description Ideal situation for someone who enjoys the thrill of the cross-sale as indicated by the title. This book of business NEEDS someone who has good markets to go after all the home, commercial, and who knows what kind of volume of life and health that can be mined from this core database of approximately 800+ customers. Old school paper files, no agency management system, so books and records have been requested direct from the carriers. Average $4,500 per month commissions, $1,000 per month Broker Fees. Has loyal clientele, Spanish speaking owner operator would be ideal target Buyer, Seller speaks native Spanish. Has not done advertising for years, just relies on referrals from the existing book of business. Top carriers by revenue are Alliance United, Infinity, Access, SCJ, Legacy, also has Multistate, RMIS, Foremost and a few scattered policies elsewhere. Almost all non-standard clientele. Not portable unless the Buyer breaks the lease, and there may be retention issues since the concentration of offices is pretty strong in the general area. NDA required to get exact business address to do a drive-by of the location or to schedule an appointment to speak to the Seller.
Facilities: Street front plaza retail location on one of the busiest streets in Orange County.
Competition: Competition for insurance is strong.
Growth/Expansion: Upside exists in this book of business to farm for home, commercial, life, and health policies. This is a 100% auto book of business, due to health issues and just slowing down a bit, this book has not been cross-sold at all. Ripe for the picking!
Support/Training: 4 weeks, 20 hours per week.
Reason Selling: Retirement.
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