Description About This Posting: Insurance Agency |
A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of re-occurring clients speak primarily English and Japanese. With only 1% of clients coming in to make payments (85% are direct billed and 15% are agency billed), the book is highly portable. Net Income after recast is $41,979. Profits could increase for a strategic buyer with an existing operation and can thereby eliminate some expenses or share others. Seller is running this sub-optimally profit-wise.
NDA is required for first round package on the book of business crafted by us.
Detailed Information
Employees: 2
Facilities: The location has been established for 32 years with minimal competition nearby. Approximately 700 square feet of office space in a small retail center rents monthly for $900. Month to month lease.
Competition: There are two other players in the local vicinity and a number of other competitors as you expand outward, but not an immediate competitive threat because each player has different niche.
Growth & Expansion: This book of business is portable. Seller recommends that the new owner hire producers to develop new accounts.
Financing: If the price and deal structure is right.
Support & Training: 4 weeks at 20 hours per week.
Reason for Selling: Retirement.
To get more information about this Insurance Agency business for sale in
Los Angeles please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 X795 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #247958 on BizBen.com. In addition to phoning
Rick Carlson, make sure you email Rick Carlson above to get more info about this
Insurance Agency, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting |
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Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063. |
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