Independent Insurance Agency (Southeast)

South East

Independent Insurance Agency (Southeast)
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Asking Price: $1,260,000

Cash Flow: $200,000

Gross Revenue: $400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1980

Independent Insurance Agency (Southeast)

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Business Description

Tenured Staff, Turn-Key, & Profitable

Multi-office agency, located in the SE. This business was established over 25 years ago and offers a new buyer the opportunity for tremendous growth potential. The staff will stay with the new owner and the real estate could potentially be purchased (not included in asking price). The asking price is 3.15x annual commissions.

Carriers include: Safeco, Progressive, Travelers, Nationwide, Liberty Mutual, Encompass, etc.

2018 Commissions: $400,000

Detailed Information

Employees:
6
Facilities:
Real estate / office space can be leased or a purchase may be considered. The asking price for the agency does not include the real estate. The furniture / equipment in each office location can also be acquired, but isn't included in the asking price.
Competition:
n/a
Growth & Expansion:
-Consolidation of carriers to maximize contingency bonuses -Upgrading technology -Shared services between offices -Cross-sell other products (i.e. life, financial, business insurance, etc)
Support & Training:
90 to 120 days of support from seller (a longer period of time may be considered)
Reason for Selling:
Other business interests
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Business Listed By:
Not Disclosed

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