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For Sale: Insurance Agency - Los Angeles

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Current Status: Active     Posting #: 247958     Last Refreshed: 9/18/19     BRE License #: 01820673    
Contact: Rick Carlson At 833-776-6682 X795  -  Also Email This Contact Below
Price:  $395,000     Down:  Call     Adjusted Net:  $41,979     Revenue:  $194,291    
Business Address:  None Given     City:  Los Angeles     Zip:  90001    
Attributes:  Financial Assistance, Training & Support, Relocatable, Owner Financing     Cooperation With Brokers?  Yes

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  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, franchise, or opportunity. Thank you.

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