Southern California Chain of Insurance Agency Offices!
- Asking Price: $2,700,000+
- Cash Flow: $442,637
- Gross Revenue: $853,266
- EBITDA: N/A
- FF&E: $25,000
- Inventory: N/A
- Established: 1995
Up for grabs is a Southern California turnkey multi-location insurance agency operation that is strategically positioned for high walk-in traffic generating new business in excess of 50% of new policies written monthly. Phenomenal roll-up opportunity for an agency that wants additional satellite locations and takes over the seasoned client base plus all the future new business that will be secured from these AAA locations.
Top carriers include Kemper, Safeco, Anchor General, Alliance United, Infinity, Foremost, Progressive, among others. Generally speaking, it’s about 30% Preferred and 70% Standard / Non-standard but even the non-standard book is pretty clean business. Provides DMV services as well to keep the new clients coming into the agency locations.
NDA is required for Confidential Information Memorandum (CIM) crafted by ProNova Partners.
- Employees: 8
- Furniture, Fixtures, & Equipment (FF&E): Included in asking price
- Facilities: Multiple offices fully built out and ready for absorption.
- Competition: Strong competition but there are some goodies that are included with this deal that separate this from your normal hybrid standard & non-standard acquisition target.
- Growth & Expansion: Seller’s agency has unique attributes that using the same model and revenue guidance from the Seller, this should continue to generate new accounts every day for the new owners.
- Support & Training: As needed.
- Reason for Selling: Other business interests.
- Founded in 1995
- CA C-Corporation,
- Original Founders
- Capitalization structure = 2 shareholders that are 50/50 & current roles are duplicate/expendable
- Writing in 3 states – CA, AZ, NV
- Multiple locations, tons of walk-in business from high traffic areas near the DMV.
- Room for expansion!
- Writing with Kemper, Safeco, Anchor General, Alliance United, Infinity, Foremost, Progressive, among others
- Provides DMV Services
- Ideal roll-up target – High Net Margins!
- Steady top line revenues in the $830-$910k range since 2015!
- Stable org. chart with many employees on board for decades
- ~50% New business is written monthly!
- No advertising spend – perpetual recurring new business funnel included!