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- RE: OC CA Commercial P&C Insurance Agency For Sale
- Contact: Rick Carlson
- License #: 01820673
Quick Facts
| Asking Price: | $1,000,000 | |
| Annual Revenue: | $340,250 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $246,339 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 1 | |
| BBN Listing #: | 981375 | |
| Broker Reference #: | 1332 INSURANCE |
Business Overview:
This is an excellent opportunity to acquire a 95% commercial small business P&C insurance book, ideal for expanding your existing agency. The client base comprises Mandarin and English-speaking small business owners, primarily in the restaurant industry. Year-to-date (November 2024), the Agency has written $2,483,426 in premiums and earned $342,800 in commissions, compared to $2,299,865 in premiums and $359,234 in commissions in 2023. With nearly $200,000 in premium growth so far this year, the Agency is on track for a 10% year-over-year increase, showcasing its strong growth potential. The top carriers are Travelers, UCA and Berkshire Hathaway.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
No facilities will be included as this is a book roll.
Market Competition and Expansion:
Competition: There is a lot of competition in the Insurance industry. This is an excellent opportunity for growth through acquisition.
Growth & Expansion: To stimulate growth and broaden the Company's horizons considercross-selling personal lines to clients.
Reason for Selling:
The Seller is ready to retire.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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