SOLD-Commercial Insurance Agency for Sale – (Torrance, CA)

SOLD! ‘Q2 2018

Find Commercial Agency for Sale! 

Looking for a Great Deal in the Commercial Lines Business of Insurance?

Here it is!

This Commercial Agency has 900 Policy Commercial Insurance – Portable Book of Biz 55% Construction!

Relocatable and Portable Business Opportunity in Los Angeles!

Agency Description:

• Established: 2003
• Torrance, CA
• Asking Price: $350,000
• Gross Revenue: $45,000
• EBITDA: N/A
• FF&E: N/A
• Inventory: N/A

Insurance Agency – Business Description

• 900 Policies in Force!
• Primarily construction focused enterprises, heavy in the DME space,
• this is a great PORTABLE book of accounts from a single Owner and one producer.
• Placing direct with Amtrust, BTIS, BIS, CAN, Cal Choice, Employers, Guard, Hudson, Philadelphia & SIS.
• Does Work Comp, G/L, Commercial Auto, $833k in Premium up for grabs!
• $105k in commissions and $40k in Broker Fee revenue.
• Has a branded payroll service that sit atop one of the major platforms that helps with client stickiness and is an area ripe for opportunity
  to expand across the book!
• Couple 401k plans also that have group annuity programs through Ohio National so proof of concept to cross
  sell these kinds of solutions is already in hand!

Detailed Commercial Insurance Agency Information

• Inventory: N/A
• Established: 2003
• Furniture, Fixtures, & Equipment (FF&E): Included in asking price
• Facilities: Currently home office setting, portable for anyone that
  is currently doing commercial business and licensed in California. You
  pick up the phone, you can service this book. (Home Based)
• Competition: Construction risk is a niche industry but the Seller has
  taken good care of the client base and has secured referrals as the
  main driver of revenue expansion.
• Growth & Expansion: Primarily a renewal book. Good entry level
  acquisition target if it’s someone’s first purchase potentially due to
  price point and Seller’s willingness to finance a significant portion
  of the purchase price over time.
• Support & Training: As needed.
• Home-Based: This business is Home-Based
• Reason for Selling: Health issues.
• Financing: $230k Cash Down – $2,264.55 per month for 60 months at 5%!

NDA is required for first round package on the book of business.