100% Virtual Personal Lines Insurance Agency Book $174k Comm. 2018 YTD

Conroe, TX (Montgomery County)

Seller Financing Available
100% Virtual Personal Lines Insurance Agency Book $174k Comm. 2018 YTD
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Asking Price: $522,000

Cash Flow: $150,000

Gross Revenue: $174,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2004

100% Virtual Personal Lines Insurance Agency Book $174k Comm. 2018 YTD

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Business Description

100% Virtual Personal Lines Insurance Agency Book $174k Comm. 2018 YTD

Originally founded in 1988 as a Farmers Insurance Agency, the Agency was founded as an independent insurance agency in 2004. For sale at $522,000.00 (or 3X 2018 YTD Gross Commissions of $174,000.00), the agency Owner has full ownership of this 100% virtual personal lines insurance agency which has been run by agent with no employees for over 10 years.

With a technology Focused customer service model, and personal meetings and reviews as requested by the Clients, a new agency owner can penetrate the fast growing Montgomery, TX market all while being based from your current location!

While the Agency Book of Business is focused primarily on Personal Lines Insurance, the Agency Revenue Mix is composed of 90% Personal Lines Revenue and 10% Commercial Insurance Revenue, and has traditionally had high retention after carrier transitions.
With Agency Commissions tracking at approximately $174,000 through October 2018, this book of business has consistently booked gross commissions in excess of $190,000.00.

What’s an ideal transaction? The Agency Owner is open to full sale of the Agency for $522,000.00 or 3X 2018 YTD Gross Commissions, with a transition/consulting period and potential owner financing available. The Ideal Buyer is a local, regional or national independent insurance agency looking to expand their footprint into the growing Montgomery County, Texas Market.

NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:
N/A. Seller manages the book from out of state already.
Competition:
Always plentiful competition in the insurance industry, but if a Buyer maintains the well-deserved and well-earned reputation for excellence, Company will continue to outpace local rivals.
Growth & Expansion:
Primarily a renewal book, should be primed to cross-sell.
Financing:
If the price and deal structure is right.
Support & Training:
Seller offers transition assistance and potential consulting period after transition if desired.
Reason for Selling:
Retirement.
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(from currently available funds)
 
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Rick Carlson

Business Listed By:
Rick Carlson

ProNova Partners

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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