Insurance Agency

Las Vegas, NV (Clark County)

Insurance Agency
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Asking Price: $179,000

Cash Flow: $64,630

Gross Revenue: $167,000

EBITDA: N/A

FF&E: $8,000

Inventory: $200

Established: 2012

Insurance Agency

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Business Description

This established West Side independent P&C insurance agency is a mix of standard and non-standard policies. The business gross revenues have been solid over the years. Retention is high as it keeps clients with agency, even if not with the same carrier, through automatic text payment reminders and info if there is a price change. In 2018, business grossed nearly $170K, with a net of over $60K. Located in a strategic, high-traffic intersection location, clientele is diverse and bilingual. Main carriers include Progressive, NSD, and American Access among others. Business holds 560 active policies with $1.2 MM premium dollars in 2018. Loss ratios are good. Seller, who is an experienced professional, will assist in transition. Only $179K. For additional information please contact listing agent David Claerbaut at 702-354-7000 or drdavid@fcbb.com

Detailed Information

Location:
Las Vegas, NV
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 1,500 square feet with a Total Rent of $3,060. Lease ends 8/2021. Seller is active in the business. Hours of operation are M-F: 9:30 - 6:30, Sat: 10-2 . $200 in Inventory and $8,000 in FF&E included in Asking Price. Insurance License Required.
Support & Training:
30 Days
Reason for Selling:
Other business interests
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(from currently available funds)
 
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David Claerbaut

Business Listed By:
David Claerbaut

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Sponsoring Broker:
Jeff & Linda Nyman

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