Insurance Brokerage & Third Party Administration

CA

Insurance Brokerage & Third Party Administration
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Asking Price: $1,200,000

Cash Flow: $214,000

Gross Revenue: $901,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,100 /Month

Established: 1938

Insurance Brokerage & Third Party Administration

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Business Description

This is a unique business model that offers both insurance benefits and third party administration (TPA). The business has a long-standing, excellent reputation.
The company has also created a highly desired benefits plan that allows for their business clients to save a lot of money compared to the fully insured plans.

The company writes mainly commercial business. Also, Medicare business is also written and some personal benefits, and Pension business (Taft Harley). Group life insurance is a recent product addition to the business and has been an add-on during renewal period. The business writes for 15 major carriers. 92% retention rate.

The TPA business is well established and provides administrative support to the clients. Some TPA services include: processing claims, prepare plan documents, phone support, preparation of plan documents, assist in enrollment, and more.

The office is self running with long term employees, Spanish speaking receptionist,
and other employees working independently and with little supervision.
The prospective buyer must have experience in the industry as well as desire to continue providing excellent customer service to their clients.

The owner wants to remain as a sales person after the sale. Non-compete agreement ok. Seller financing possible for qualified buyers.

NDA and proof of financial ability to purchase required before business disclosures are made available.

Detailed Information

Real Estate:
Leased
Building SF:
4,100
Lease Expiration:
9/30/2020
Employees:
9
Facilities:
The business occupies 4,100 sf. The monthly base rent is $4,100 plus CAM charges. The lease is valid through September 2020 with option periods available upon landlord approval.
Financing:
Possible
Support & Training:
Support and training will be available, however, the buyer will need industry experience.
Reason for Selling:
Semi Retirement
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Contact the Seller

(from currently available funds)
 
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Lynn Colclough

Business Listed By:
Lynn Colclough

National Business Brokerage

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Sponsoring Broker:
Bob Baumgarten

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