Third-Party Administrator of Occupational Accident & Employer Liabilit

TX

Third-Party Administrator of Occupational Accident & Employer Liabilit
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Asking Price: Get Financing: N/A

Cash Flow: $6,072,000

Gross Revenue: N/A

EBITDA: $2,305,000

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: N/A

Third-Party Administrator of Occupational Accident & Employer Liabilit

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Business Description

A licensed third party administration (TPA) insurance agency specializing in occupational accident (OCC/ACC) and employer liability products for sale through agents in Texas. It manages the customer account from the policy issuance through the claim settlement.

Key aspects
· Operating for over 28 years with well-respected reputation
· Approximately 59% of revenue is recurring through insurance premiums and other fees
· Maintains large network of insurance agents
· Contracts with A+ rated insurance companies
· Management team is dedicated to ensuring smooth ownership transition

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Facilities:
Headquartered · Texas Real estate · The company leases a 10,000 sq. ft. facility from an unrelated third party. There is plenty of room for expansion and the lease can be continued under new ownership.
Competition:
Current markets · Its primary market is trucking companies focusing on intermodal, container hauling, and NAFTA transportation, but customers also include individual contract employees, sole proprietors, manufacturers, plumbers, electricians, HVAC, and any other business that does not provide work to the state or municipality. Shareholder/owner objectives · Two owners are approaching retirement age and seek an acquirer that will help grow the company nationally. They are open to various deal structures and will remain with the company as needed to ensure a seamless transition.
Growth & Expansion:
Opportunities · Increase advertising and sales division · Redevelop website to be search engine optimized and allow for more online sales · Expand nationwide outside of Texas through selling association memberships · Expand claims division nationwide
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(from currently available funds)
 
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Kendall Stafford

Business Listed By:
Kendall Stafford

Benchmark International

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