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Business Listing
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| Listing No.: | 25071731 | Professional Services Professional Services | |
| Business Desc: | Independent 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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$69,539
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$175,000
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$175,000
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General Location:
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San Diego | |||
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Executive Summary
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| The book of business is 90% Commercial Property & Casualty and 10% Auto. The Seller has direct appointments with Zurich, Infinity, Progressive, and Arrowhead among others.While the Agency has been in business only nine months, it has shown remarkable growth with over 285 policies on the books and it writes about 30 new policies every month. The Agency has a reputation for providing superior service and pricing to its clients. There are two full time 1099 employees plus the Seller writing business. The Seller plans to retire when the business is sold. There is no direct billing and a management system is in place. Turnkey business opportunity. |
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Marketing Summary
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| The Seller has done a good job of marketing the business through referrals, cold calling, and his website. The Seller feels that the future to growing the business is by adding agents to the staff. This is a turnkey business that has been very successful. |
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Strengths Summary
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| he Agency is a service oriented company that does whatever it takes to service the client and offer the client best price possible. |
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Hours and Staffing
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| The Seller has two full time 1099 employees writing business and a part time office manager. The Seller anticipates all the employees would stay on under a new owner. The hours are 9 am to 7 pm Monday through Friday and 9am to 3 pm Saturday. |
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Area and Facilities
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| The offices are in a new office complex with about 1100 sq.ft. The current lease expires in September 2010 but the Seller does not anticipate any problem for a buyer to secure a long term lease. |
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Company History
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| The Agency is nine months old and has shown remarkable growth. The Seller wants to retire. |
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Financial Summary
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| Estimated Annual Revenues for 2010 are $69,539 which includes commissions and 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 | |
