Return to search results

Groundbreaking Nationwide Medicare Insurance Brokerage- $25M

Austin, TX (Travis County) (Relocatable)

Seller Financing Available
Groundbreaking Nationwide Medicare Insurance Brokerage- $25M
Contact Seller

Asking Price: $25,000,000

Cash Flow: N/A

Gross Revenue: $5,000,000

EBITDA: $1,000,000

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2007

Groundbreaking Nationwide Medicare Insurance Brokerage- $25M

Save Print Share Valuation Report

Business Description

Proven concepts, large block of business, unique and mature IP

Unique opportunity for a serious buyer who wants to make an immediate impact in the Medicare Health Insurance Market. Developed in 2007 by two entrepreneurs 49 years of combined success in this marketplace, this company has broken ground in internet marketing, call center development, online sales and proprietary agency automation software. Guaranteed future income from existing book of business alone is over $14M even after adjusting for historical attrition rates.

The company is an online and call center based insurance brokerage focused almost exclusively on Medicare Supplement (Medigap) Insurance products. It is licensed in all 50 states and DC and has deep established relationships with over 25 top rated insurance carriers.

The sales process, marketing and advertising assets, know how, abilities and scalability are unmatched. The business processes are mature and mostly automated, the result of many years of focused attention of top business minds who are on top of this industry working with software developers to solve and simplify a million problems. This kind of work, if possible to reproduce, would take many years and a lot of advanced expertise, know how and trial and error over 10 or more long development cycles.

The business could benefit from fresh visionary leadership, an expansion of capital investments and an increase in executive bandwidth. It is an ideal acquisition for an insurance company or investor who either wants to expand their reach or improve their processes in the marketplace or someone who is looking to hit the ground running when entering into it.

This agency provides a turnkey opportunity.

The company generates $1.1M of annual free cash flows, with each year's new sales of approximately $800k generating from $3.2M to $6.2M in long-term revenues through renewals.

Detailed Information

Location:
Austin, TX
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
6/30/2018
Employees:
20
Facilities:
Call Center, Block of Insurance Business, Comprehensive Agency Automation Platform, Marketing Assets, People and Systems, Intellectual Property- Details available to qualified buyers.
Competition:
E-Health and Select Quote Insurance Call Center Specializing in Medicare Supplement Insurance Sales in all 50 states. Though we are the best of breed in privately owned brokerages , we haven't been able to match the resources of the E-Healths and Select Quotes of the world.
Growth & Expansion:
The business could be expanded in both brick and mortar as well as virtual call center environments. Large opportunities also exist in licensing and affiliate marketing through existing agencies. The management and senior staff are very mature and seasoned. The market is, though very mature and stable, very rapidly expanding due to the aging of the baby boomers. All aspects of the business are immediately scalable. Agent training is intensive and time consuming which can slow growth. Visionary leadership is absolutely necessary.
Financing:
Open to suggestions
Support & Training:
The company is management driven and requires very little owner input in its current state. A new owner will be able to work on instead of for the business, hopefully on implementing aggressive growth plans.
Reason for Selling:
One owner retirement, other owner open to all possibilities
Business Website:
http://medigap360.com
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Brandon Todd

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1438914 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Pirtek USA

Franchise Opportunity In TX
Cash Required: 150000