Insurance Agency, VERY Strong Book of Business

Sumner County, TN (Relocatable)

Insurance Agency, VERY Strong Book of Business
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Asking Price: Get Financing: $1,500,000

Cash Flow: N/A

Gross Revenue: $5,167,000

EBITDA: N/A

FF&E: $60,000

Inventory: N/A

Lease Rate: $2,600 /SF/Month

Established: 2010

Insurance Agency, VERY Strong Book of Business

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Business Description

National Branded Agency

Middle Tennessee insurance agency since 2010, acquired three agencies in June, 2018, greatly adding to their volume of one of the strongest most respected brands of consumer and commercial insurance lines:

As of late September:
• 5,850 current policies held
• $5,167,000 Active Policy Retention (Premiums) for all Policies

Commissions since 3 agencies acquired, NOT including potential bonuses:
• $192k YTD commissions (June-Sept 28)
• $312k commissions projected total 2018
• $496k projected 2019

Lines carried:
Auto, Business, Home , Life, Motorcycle, Recreational, Renters, Umbrella, and also offers Financial Solutions.

This opportunity can be acquired as a whole, or buyers can acquire smaller portions of the book (one third).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
12/31/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spacious offices: two adjacent suites in a strip center in an upscale part of town.
Competition:
Normal competition from other popular insurance company brands. The agency has a growing book with demonstrable earnings and growth potential. Owner has been less and less involved, bringing in just a few policies (for affluent friends and/or as desired), concentrating primarily on his other growing firm.
Growth & Expansion:
Possibilities limited only by the buyer's imagination- one staffer has marketing responsibilities- market has room for way more.
Support & Training:
Seller will stay for a period depending on buyer need.
Reason for Selling:
Grow his other business- not insurance related. Will not compete.
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William Oates

Business Listed By:
William Oates

Alliant Capital Advisors LLC

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Sponsoring Broker:
Bill Marrero

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