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- RE: SoCal Progressive And Kemper BOB - Appointees Only
- Contact: Rick Carlson
- License #: 01820673
Quick Facts
| Asking Price: | $110,000 | |
| Annual Revenue: | $35,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $30,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 1 | |
| BBN Listing #: | 953640 | |
| Broker Reference #: | 1286 INSURANCE |
Business Overview:
Independent Orange County Insurance Broker purchased a book of business in 2023 that contained a high percentage of clients bound by Progressive. With the inability to be issued a new appointment, the Seller is doing what is best for the clients and offering the book to a verified Progressive-appointed agency.
The well-established Progressive Book contains 455 policies. 21% of the book has had policies for more than a decade. Those clients have been policyholders for an average of 15.5 years.
The combined commission for the trailing 12 months of 478 policies is $34,700.00. 46% of the business is motorcycle coverage.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
None. A buyer will have no lease obligations with this transaction.
Market Competition and Expansion:
Competition: These policies will help an appointed agency grow and increase its market share.
Growth & Expansion: Greater diversification and opportunities for adding new clients for cross-sales with Home and Auto insurance are always beneficial.
Reason for Selling:
The Seller’s agency cannot secure its own carrier appointment to service these policies.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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