Contact: Rick Carlson At 833-776-6682 - Also Email This Contact Below
Asking Price: $3,800,000 Down Payment: Call / Email
Annual SDC: Call / Email
Annual Gross: $785,000
Business Address: None Given City: Houston Zip: 77339
Attributes: Broker-Broker Coop, Training & Support
We are representing an independent insurance agency that is looking to complete a divestiture in the form of a book-roll for their overall insurance book of business.
Bullet points on the Company:
* 85% Homeowners : 15% Standard Auto
* VERY STRONG OPPORTUNITY FOR CROSS SELLING strong potential to double total premium value within 1-2 years post-acquisition
* Essentially entire book of business is UNTAPPED RESOURCE FOR WARM LEADS - ready for cross selling opportunities
* Currently managing ~4,000 policies by dividing up entire book of business among 5-6 producers expectation would be to yield at least an additional 20-30 policies per month
* Currently working with > 30 carriers for their Homeowner clients, and in an effort to expand their capabilities before year end expected to add an additional (yet another) nationally known carrier to their lineup of Homeowner coverage offerings
* For an agency looking to get into offering risk coverage in the Homeowners space, the carrier market is starting to tighten up in some ways for a new Agency looking to get into the business of offering these lines
* This coupled with the concept that a smaller or newly created agency that is able to gain an appointment (or a few) with choice carriers, even with some access to the market place makes it impracticable to compete with a firm structured as a go-to carrier for the Homeowner's space access to over 30 carriers in the home market allows them to continue to write policies in any market environment (such as today's tightening market)
Growth & Expansion: Abundant growth opportunities, book is literally collecting income and strong potential for cross sells with the right agency and relationships, and bundle policies (if possible).
Financing: Depends on structure, minimal if any
Support & Training: As needed.
Reason for Selling: Retirement
To get more information about this Insurance Agency - Book Roll business for sale in
Houston Area please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #267417 on BizBen.com. In addition to phoning
Rick Carlson, make sure you email Rick Carlson above to get more info about this
Insurance Agency - Book Roll, to ask any questions or request an appointment to see this
business for sale. Thank you.