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San Gabriel, Los Angeles County, California
Commercial Insurance Agency - Asian Speaking
Asking Price
$1,850,000
Revenue
$670,000
Down
Call/Email
Cash Flow
$630,000
Name: Rick Carlson
Phone: Show phone number
Name
Rick Carlson
Phone
Show phone number
Description
Personal Lines account for 65% of policies.
Commercial Lines account for 32% of policies
Health and Life Policies account for the remaining 3% of policies.
The book continues to grow thanks to a 50% client referral rate. The Chinese Yellow Pages brings in another 20% of new business while local realtors and loan agent referrals account for another 30%. Buyers can continue to work with the cluster if they choose, but the agreement is no longer enforced.
The CRM System is QQ Catalyst and the agency uses FSC Rater for quotes.
One full-time CSR and one part-time CSR – who are both multi-lingual – are valued for their language skills and customer service abilities.
Buyer Qualifications: Potential Buyers must be fluent in Chinese, Mandarin, Cantonese, and Vietnamese. Only brokers with direct appointments to Mercury and primary carriers will be considered.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The agency operates from a storefront, renting 800 square feet for $1,500 a month.
Competition: Insurance is competitive, but the ability to speak the client’s native language provides clear short and long-term advantages.
Growth & Expansion:
1. Hire additional staff to support sales and cross-sales.
2. Expand digital marketing and online presence.
3. Increase focus on commercial accounts.
Financing: TBD if the structure and terms are acceptable.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a Buyer to determine what support is needed.
Reason for Selling: The founder is ready to retire.
Posting Information
Posting ID:
289451
Business Category:
Banking & Finance, Service
Business Types:
Insurance Service, Insurance Brokerage
Keywords:
San Gabriel, los angeles county, insurance, commercial
Attributes:
Broker Cooperation
Financial Assistance
Owner/Seller Financing
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Commercial Insurance Agency - Asian Speaking
Posting ID
#289451
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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