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Risk Management Company
Location Illinois,United States
Asking Price Range $250K - $500K
Gross Revenues $423000
Net Profit / Cash Flow $360000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Health issues
Description The owner of a risk management company, due to health reasons, would like to sell a portion of his company as well as relinquish the day to day management responsibilities. He has developed a PATENTED, predictive (Risk Assessment) modeling process that forecasts the potential exposure (commercial only) for an insurance company prior to writing the policy. The process has a proven track record, and has been adopted by a major national carrier, as they have found it to be a very significant and profitable addition. For those companies which had a risk assessment done, there is an optional Loss Control software program (another income stream). The program provides a complete risk management program for a business and ties all the elements of Safety and Risk Management from budgeting, implementation to follow-up management and cost analysis into one manageable process. Income comes from three areas: 1. The Risk Assessment program, 2. The Loss Control program, and 3. Performance Bonuses.
Based on the current trends with the carrier, as well as, industry comments, this process is poised for explosive growth. Sadly, the owner's health does not allow him to travel and therefore the need to find an individual or company that can drive the growth. The owner is seeking $250,000 for a 30% share of the business and will consider selling up to 80% of the company. Sales for 2012 will be approximately $423,000 with $360,000 in cash to manage the business after expenses for software, Risk Assessment and Loss Control programs.
If you would like to know more about this opportunity, please contact Steve Sink at 309-696-8508.
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