Seller Financing Available
I know right? 19% commission on new business and
renewals. So awesome.
This contract will be a condition of any closing. Seller is top
producer for this carrier in the Western United States, not
surprisingly. Other appointments include Mercury (recent, less
than $700k premium presently), CSE, Hillstar, Unitrin,
Commerce West, Bristol West, McGraw, Progressive, GMAC,
and Infinity. About $200,000 of total premium is what one
would refer to as preferred clientele. The rest would qualify
as non-standard. Averages $100,000 in Broker fees per year,
about $450,000 in renewal commissions. A lean operation,
Seller is heavily involved from dawn to dusk, regularly present
during every minute of the 9-8 M-F and 9-6 Saturday that the
Company is open. Has two non-licensed CSR, that helps the
Seller run the business. Approximately 5,000 client files, with
a retention rate of 85%, well above industry average. Could
be a little bit more cross-sold, as the book consists of 90%
Auto, 5% Commercial, 5% Home, no Health, no Life. Does
bonding, and writes Mexican Insurance at 35% commissions.
NDA is required for partial due diligence package and to
schedule a personal meeting with the Seller once he
approves your company or your inquiry if you're a private
Exclusive lease in plaza, no competitors can sign within the same
center. Has been in same location for over 30 years.
Competition is strong for insurance, however, the goodwill
associated with a business that has been at the same spot
for 30 years is undeniable. Insurance agencies have come
and gone but this one has stood the test of time.
Has no real internet presence, one could purchase leads and
expand the operation.
As needed per SBA guidelines to close deal.
As needed, approximately 4 weeks, 20 hours per week.
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