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BUSINESSES FOR SALE

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Businesses For Sale   >>   California Businesses For Sale Categories   >>   

Insurance Business - 60% Commercial, 40% Personal

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $130000
Net Profit / Cash Flow  $72000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1984
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  As needed.
Reason for Sale  Retirement.
Description  Up for grabs is a legacy operation that has been around since 1984, with many clients on the books since the 1980's! Seller focuses on the Mexican trucking industry for commercial policies, with a distribution and agent network in Mexico as well. Commissions from the carriers are at 23% on these policies, so it's an excellent relationship to carry over to your existing operation. Top carriers in terms of revenue are Accident Insurance Co., Scottsdale, Progressive, and Argonaut. Followed up by Dairyland, Viking, Assigned Risk among others. Spanish speaking owner operators would have an advantage servicing the book of business as this is 95% of the clients. Renewal commissions approximately $100,000 and Broker Fees approximately $30,000 per year. NDA is required for exact business identity. Facilities: Run out of 800 square foot office street-front location. Many payments taken monthly in cash, so the location would be recommended for maximum ROI. Competition/Market Pros and Cons: Competition is strong, but this agency has stood the test of time for the past 3 decades. Growth and Expansion Pros and Cons: Not very active online, only one primary advertising channel in a trade magazine at $400 per month. Support/Training: As needed. Reasons for Selling: Retirement.
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