SOLD! ‘Q4 2018
Find Group Benefits Insurance Book for Sale!
Looking for a Great Deal for a Group Benefits Insurance Book?
Look no further, here it is!
Fallbrook, CA (San Diego County)
Asking Price: $1,500,000
Gross Revenue: $519,036
Group Benefits Insurance Book for Sale! – (Business Description)
- This Group Benefits Insurance Book offers 150+ policies, group health, dental, Medicare, individual with a small number of life insurance policies.
- This is a very persistent book of business with the majority of clients staying with the Agency for over 5 years, many well over 10 years.
- Largest accounts are with Blue Cross and Blue Shield.
- Seller has been in insurance for well over 40 years and is ready to retire.
- Further details of this book of business provided in first round package.
- Signed NDA required for release.
- Facilities: Small quiet office in a small business park with plenty of parking.
- The office is used by Seller and one full-time office manager.
- The lease is expiring. Buyer can either sign 3 years least to keep the office or close it.
- Competition: 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. Excellent cross-sell opportunity for a Buyer who handles commercial and personal P&C insurance as well as group benefits and health.
- Support & Training: As needed.
- Reason for Selling: Retirement.
- Financing: $850k down, $650k finance over 60 months at 5% interest.
- 2017 Commissions $519,036
- Over 150 Policies total!
- Group Life & LTD, 401k, and Medicare
- All Commission Income – no broker fees.
- A small percentage of bonus income
- 1 full-time office manager.
- Seller is licensed in several states, however, 100% of current book of business is covered by CA license
- Seller takes advantage of ancillary services and admin offered by carriers to keep his expenses low
- The book is relocatable!