Profitable Insurance Agency
249
Profitable Insurance Agency
Minnesota
$ 2,390,000

This well-established insurance agency has a long history of providing exceptional personal service to the local community. The agency's commitment to client satisfaction is evident in its impressive client retention and claims history. A dedicated team of licensed professionals and sales producers supports the agency's operations. To ensure a seamless transition, the current owner will actively participate in client transfers and relationship building with the new owner. The agency's strong reputation and experienced staff provide a solid foundation for continued growth and success.

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Property Types

Listing Details

Profitable Insurance Agency
Price:
$ 2,390,000

Location:

Minnesota
Down Payment:
$ 2151000
Down Payment: $ 239000
Sales:
$ 932274
Sellers Discretionary Earnings:
$ 552914
Furniture, Fixtures, and Equipment:
$ 20072
Employees:
7
Reason for Selling:
Retirement

Disclaimer: The numbers are current estimates and are subject to change.

Business Description

This well-established insurance agency has a long history of providing exceptional personal service to the local community. The agency's commitment to client satisfaction is evident in its impressive client retention and claims history. A dedicated team of licensed professionals and sales producers supports the agency's operations. To ensure a seamless transition, the current owner will actively participate in client transfers and relationship building with the new owner. The agency's strong reputation and experienced staff provide a solid foundation for continued growth and success.

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Insurance Specializing in Property and Casualty insurance, this insurance consulting office has been in business for over 30 years. Whereas insurance brokers get paid by insurance companies, they get paid by the insured. 80% of the business is recurring revenue through monthly retainers with 51 clients. Most of the clients are in the real estate business and have been working with them for over 10 years. Overhead is minimal so over 90% of the revenue goes straight to the bottom line. Owners have never spent any marketing dollars and have never went out to solicit business as 100% of their business has come via word of mouth and referrals. With some marketing and sales effort, the sky is the limit for this business! After a very lucrative career, owners are retiring, but are willing to stay on for 1 year to ensure a smooth transition. This business is pre-approved for SBA 7(a) financing for 90% of the purchase price, giving the new buyer the opportunity of a lifetime in putting down only 300k to buy a business that has a cashflow of 700k (with unlimited growth potential). Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds and a buyer interview with the broker are all required before receiving specifics.
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Insurance This well-established insurance agency has a long history of providing exceptional personal service to the local community. The agency's commitment to client satisfaction is evident in its impressive client retention and claims history. A dedicated team of licensed professionals and sales producers supports the agency's operations. To ensure a seamless transition, the current owner will actively participate in client transfers and relationship building with the new owner. The agency's strong reputation and experienced staff provide a solid foundation for continued growth and success.
Down Payment: $2151000 Sellers Discretionary Earnings: $552914
Monmouth County, New Jersey
Insurance Specializing in Property and Casualty insurance, this insurance consulting office has been in business for over 30 years. Whereas insurance brokers get paid by insurance companies, they get paid by the insured. 80% of the business is recurring revenue through monthly retainers with 51 clients. Most of the clients are in the real estate business and have been working with them for over 10 years. Overhead is minimal so over 90% of the revenue goes straight to the bottom line. Owners have never spent any marketing dollars and have never went out to solicit business as 100% of their business has come via word of mouth and referrals. With some marketing and sales effort, the sky is the limit for this business! After a very lucrative career, owners are retiring, but are willing to stay on for 1 year to ensure a smooth transition. This business is pre-approved for SBA 7(a) financing for 90% of the purchase price, giving the new buyer the opportunity of a lifetime in putting down only 300k to buy a business that has a cashflow of 700k (with unlimited growth potential). Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds and a buyer interview with the broker are all required before receiving specifics.
Down Payment: $300000 Sellers Discretionary Earnings: $697703
Monmouth County, New Jersey
Insurance Specializing in Property and Casualty insurance, this insurance consulting office has been in business for over 30 years. Whereas insurance brokers get paid by insurance companies, they get paid by the insured. 80% of the business is recurring revenue through monthly retainers with 51 clients. Most of the clients are in the real estate business and have been working with them for over 10 years. Overhead is minimal so over 90% of the revenue goes straight to the bottom line. Owners have never spent any marketing dollars and have never went out to solicit business as 100% of their business has come via word of mouth and referrals. With some marketing and sales effort, the sky is the limit for this business! After a very lucrative career, owners are retiring, but are willing to stay on for 1 year to ensure a smooth transition. This business is pre-approved for SBA 7(a) financing for 90% of the purchase price, giving the new buyer the opportunity of a lifetime in putting down only 300k to buy a business that has a cashflow of 700k (with unlimited growth potential). Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds and a buyer interview with the broker are all required before receiving specifics.
Down Payment: $300000 Sellers Discretionary Earnings: $697703

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