Contact: Dale Huffman At 714-928-5138 , 714-928-5138 - Also Email This Contact Below
Asking Price: $3,250,000 Down Payment: $3,250,000
Annual SDC: $642,995
Annual Gross: $1,206,172
Business Address: None Given City: None Given Zip: 92869
Attributes: Broker-Broker Coop, Training & Support
This business is a "Captive Agency" Insurance that has been in existence for over 50 years. The seller has decided to go into a different direction in his career. The Office Manager is staying with the Company along with the Sales Force and Customer Service Representatives. The Annual Gross Premium (Renewals + New Business) is $11,440,000. Net Income + Add Backs = $642,995.
The premium is made of 4 categories, P & C, Life, Health, & Commercial. This Insurance Company provides Annual Trips all over the world for Agents and their significant others,who meet production goals. The trips are completely paid for by the company. The Corporate Insurance Carriers also pays the agents on an Annual Bonus based on production in Life Insurance, Retention, and Loss Ratios.
The Seller has averaged over $110,000 Annually in his Company Bonus. The 1099's are available to review after an offer is made during the "Due Diligence" process. If you have any questions then email or call.
To get more information about this Captive Insurance Agency - Established 50 Years business for sale in
Southern California please phone Dale Huffman (Intermediary, Broker) at 714-928-5138 and 714-928-5138 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #264123 on BizBen.com. In addition to phoning
Dale Huffman, make sure you email Dale Huffman above to get more info about this
Captive Insurance Agency - Established 50 Years, to ask any questions or request an appointment to see this
business for sale. Thank you.