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Automotive Warranty / Insurance Writer
Location South Carolina,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $540827
Net Profit / Cash Flow $205819
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 1 - 3
Inventory $18911
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Owner will train the buyer for up to 8 weeks at no cost.
Reason for Sale Other business interests.
Description Unique turnkey business that specializes in offering warranty policies for all automotive related dealers in the North & South Carolina area is being offered to a qualified buyer. This business offers the warranty policies for the insurance companies providing service contracts and GAP addendums and other services among the after-market car products for the vehicle owner. The revenues are derived from front end commissions as well as back end commission which is underwritten by an A+ rated insurance carrier. This reserve account collects the warranty monies and is held in an IRS sanctioned escrow account which matures in three years allowing the owner to realize a $300,000 plus payout each year, which is over and above the yearly revenues collected. This business deals directly with the dealerships who offer the service contracts and GAP policies to their customers as well as offering the dealerships a private payout program designed specifically for the individual dealer. A new owner can step right in and begin realizing a profit as this business is very self-sustaining opportunity. And a new owner can add additional reps to contact the untapped dealers in the area. This business can be relocated and operated from any location in the Southeast. For more information on this opportunity, please contact the agent by phone (770-886-5100) or email. Asking Price: $1,490,000.
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