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Description

100% Virtual Personal Lines Insurance Agency Book – $174k Comm. 2018 YTD! –
Conroe, TX – (Montgomery County)
Seller Financing Available!
Zip Code: 77301

  • Asking Price: $522,000
  • Cash Flow: $150,000
  • Gross Revenue: $174,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Established: 2004

Business Description

Originally founded in 1988 as a Farmers Insurance Agency, the Agency was founded as an independent insurance agency in 2004. For sale at $522,000.00 (or 3X 2018 YTD Gross Commissions of $174,000.00), the agency Owner has full ownership of this 100% virtual personal lines insurance agency which has been run by agent with no employees for over 10 years!

With a technology Focused customer service model, and personal meetings and reviews as requested by the Clients, a new agency owner can penetrate the fast growing Montgomery, TX market all while being based from your current location!

While the Agency Book of Business is focused primarily on Personal Lines Insurance, the Agency Revenue Mix is composed of 90% Personal Lines Revenue and 10% Commercial Insurance Revenue, and has traditionally had high retention after carrier transitions.

With Agency Commissions tracking at approximately $174,000 through October 2018, this book of business has consistently booked gross commissions in excess of $190,000.00.

What’s an ideal transaction? The Agency Owner is open to full sale of the Agency for $522,000.00 or 3X 2018 YTD Gross Commissions, with a transition/consulting period and potential owner financing available. The Ideal Buyer is a local, regional or national independent insurance agency looking to expand their footprint into the growing Montgomery County, Texas Market.

NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. 

Detailed Information

  • Facilities: N/A. Seller manages the book from out of state already.
  • Competition: Always plentiful competition in the insurance industry, but if a Buyer maintains the well-deserved and well-earned reputation for excellence, Company will continue to outpace local rivals.
  • Growth & Expansion: Primarily a renewal book, should be primed to cross-sell.
  • Financing: If the price and deal structure is right.
  • Support & Training: Seller offers transition assistance and potential consulting period after transition if desired.
  • Reason for Selling: Retirement.

Executive Summary:

After a couple of years, the Owner stopped the marketing campaigns and focused on servicing existing business and generating new business only through referrals so as to be able to spend more time with family activities: because of all of the rapid improvements in technology, the Owner was able to greatly reduce overhead and still maintain an excellent service level for existing clients.

 The owner intends to retire from the business after a successful sale. Today, this is a very viable book of business and would be a great entry point into the thriving Montgomery County, Texas market for both regional and out-of-state buyers, as well as a great add-on business for Texas based agencies, as the Owner been able to successfully operate the Agency’s book of business with NO employees since 2011!

Contact info

Rick Carlson
Rick Carlson

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