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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Commercial Insurance Agency - 500+ Clients, Sba Prequalified

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $497000
Net Profit / Cash Flow  $280000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2004
Number of Employees  1 - 3
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Owned
Training  As needed to properly hand off the book of business. 4 weeks, 25 hours per week minimum.
Reason for Sale  Relocation to Pittsburgh and other business interests.
Description  Please contact Rick Carlson of Ace Business Brokers at 800-985-4939 Extension 369 for further details. SBA Prequalified, leverage a $165,000 down payment to purchase almost $300,000 in net income. Monthly payments would be approximately $10,263 according to letter. Final terms to be determined by lender and underwriters obviously. This is a phenomenal book of commercial business in a specific industry where the Seller is a known player. Approximately 800 active policies with the total book size of approximately $1.8MM in gross premium. Top revenue carriers by premium on the books are: State Compensation Insurance Fund (Direct Appointment), Bliss & Glennon, BTIS, CK Specialty, Progressive (Direct Appointment) and 13 other carriers round out the rest of the revenue. Yearly breakdown from Q1 2011 all the way back to 2004 has it all! Gross premium, Broker Fees, renewal commissions, direct bill vs. financed, lines of coverage by carrier, it's all there. Lines of coverage categories that are broken down include CGL/XS/POL/E&O, Work Comp, Auto, Bond, Prop/IM/COC. Sellers would prefer to divest to established industry player with significant experience so their clients are well taken care of post-transition. 2011 revenues are tracking to beat 2010 which came in at $488k gross income. NDA is required for access to the data and to view the financials on file. Facilities: Relocatable nationwide! Home office setting of husband and wife owner operator team. Competition: Commercial lines is a difficult market to penetrate. However, the clients are phenomenal and once you get them, they are exceptionally loyal. Growth: The Seller's system can be replicated nationwide and across other industries if one were so inclined. Financing: As needed per SBA guidelines to close deal. Training: As needed to properly hand off the book of business. 4 weeks, 25 hours per week minimum. Reason Selling: Relocation to Pittsburgh and other business interests.
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