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Business Listing
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| Listing No.: | 25071728 | Professional Services Professional Services | |
| Business Desc: | Insurance Agency | ||
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Business Details
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Revenues
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Adjusted Cash Flow
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Selling Price
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Down Payment
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$40,000
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$40,000
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$70,000
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$70,000
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General Location:
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Rancho CucaMonga | |||
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Executive Summary
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| The Seller is offering to sell the book of business of the agency only. The book of business consists of roughly 90% personal Auto and 10% Homeowners. The agency is only 2 ½ years old and has roughly $40,000 in revenues of which $20,000 is in commissions and $20,000 is in broker fees. There is no management system in place. Direct billing is offered to the clients and about 50% take advantage of this. There are no facilities offered in this offering. Most of the 260 clients are Hispanic although the seller does not anticipate losing many clients in a transfer of ownership. The Seller is not Hispanic. |
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Marketing Summary
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| The seller hands out brochures and has a website that will be completed soon. Initially the Seller went door to door, passing out flyers. In addition, the Seller purchases leads and writes business from that. |
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Strengths Summary
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| The strength of the agency is great customer service and lower broker fees. Many clients refer business to the Seller. Retention rate is very high and the Seller does not anticipate losing any customers in a sale. |
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Hours and Staffing
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| Monday – Friday 9-6, and Saturday 9-1. The seller has 2 part time 1099 agents writing business. |
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Area and Facilities
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| Since the Seller is selling only the book of business there are no facilities that go along with this offering. |
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Company History
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| The agency was founded in February, 2008 by the Seller. The seller owns other businesses and the insurance agency was taking up too much of his time. |
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Financial Summary
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| The Revenues are roughly $20,000 in commissions and $20,000 in broker fees. |
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Additional Information
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Contact Information
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| Contact: | Dave Haug | |
| Office: | VR BUSINESS BROKERS | |
| Office Phone: | 858-391-3388 | |
| Email: | david@vrsandiego.com | |
