Diverse SoCal Insurance Book – Commercial Focused

Business Overview:

This diverse insurance agency was formed by a former Farmer’s agent who sought greater opportunities by offering a wider range of products as an independent agency.

She built the business from its initial startup into a stable, productive, and growing agency offering coverage in multiple states, via quality carriers, and hundreds of satisfied commercial, P&C, and healthcare customers.

Quality service, and taking the time to build great customer relationships have been the key to her success. “Paying attention to detail for each client, along with a commitment to personalized and upfront underwriting has made the agency successful year after year,” said the Seller.

Policies are all written according to specific underwriting guidelines, with attention paid to file administration and documentation.

The Seller currently employs one unlicensed customer service representative. She decided to concentrate on developing a smaller but reliable book, that eliminated the time or need to train or deal with less motivated individuals.

The Agency is licensed in 8 States: California, Arizona, Georgia, Illinois, Massachusetts, Nevada, Texas, and Utah.

Policies are 50% Commercial, 20% Homeowners, and 20% Auto.

A bilingual (Farsi) Buyer, or one with a bilingual agent or CSR may have an advantage in retaining longtime clients.

NDA is required to receive the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Property Features and Assets:

Facilities: The Seller’s office has been in a small professional complex for several years. The lease payment is less than $1,000 per month through its expiration on 12/01/2024.

Market Competition and Expansion:

Competition: Customers always have options, but the Seller and CSR have made customer service a reason not to seek alternatives and work hard to fulfill expectations.

Growth & Expansion: Concentrate on generating more leads through cross-sales but also be proactive in finding new cost-effective lead generators.

Keep updated on industry competition and trends.

Reason for Selling:

Additional Details:

Documents:

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