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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.

Businesses For Sale   >>   Professional Services Businesses For Sale Categories   >>   

Accounting Business For Sale, Accounting Firm Business For Sale, Accounting Practice Business For Sale, Business Consulting Business For Sale, Consulting Business For Sale, Insuranace Agency Business For Sale, Law Firm Business For Sale, Law Practice Business For Sale, Legal Document Business For Sale, Legal Practice Business For Sale, Management Consulting Business For Sale, Small Business Consulting Business For Sale, Tax Business For Sale, Other Professional Services Business For Sale

Insurance Agency 24% New / Renewal Commission

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $550000
Net Profit / Cash Flow  $250000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  1 - 3
Inventory  10000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  As needed, approximately 4 weeks, 20 hours per week.
Reason for Sale  Retirement.
Description  Please contact Rick Carlson of Ace Business Brokers at 800-985-4939 Extension 371 for further details. I know right? 24% commission on new business and renewals. So awesome. This contract will be a condition of any closing. Seller is top producer for this carrier in the Western United States, not surprisingly. Other appointments include Mercury (recent, less than $100k premium presently), CSE, Hillstar, Unitrin, Commerce West, Bristol West, McGraw, Progressive, GMAC, and Infinity. About $200,000 of total premium is what one would refer to as preferred clientele. The rest would qualify as non-standard. Averages $100,000 in Broker fees per year, about $450,000 in renewal commissions. A lean operation, Seller is heavily involved from dawn to dusk, regularly present during every minute of the 9-8 M-F and 9-6 Saturday that the Company is open. Has one non-licensed CSR, that helps the Seller run the business. Approximately 5,000 client files, with a retention rate of 85%, well above industry average. Could be a little bit more cross-sold, as the book consists of 90% Auto, 5% Commercial, 5% Home, no Health, no Life. Does bonding, and writes Mexican Insurance at 35% commissions. NDA is required for partial due diligence package and to schedule a personal meeting with the Seller once he approves your company or your inquiry if you're a private party. Exclusive lease in plaza, no competitors can sign within the same center. Has been in same location for over 30 years. Competition: Competition is strong for insurance, however, the goodwill associated with a business that has been at the same spot for 30 years is undeniable. Insurance agencies have come and gone but this one has stood the test of time. Growth/Expansion: Has no real internet presence, one could purchase leads and expand the operation. Financing: As needed per SBA guidelines to close deal.
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