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Insurance Agency Net $200k+
Location: United States -> California -> Stanislaus
Industry: Business Services > Other Services

Business Summary

Captive insurance agency in central California. This is a franchise, but has no royalty or transfer fees. Buyer must have their casualty & health & life licenses. Current owner has a fully trained & licensed employee that can run the business as well. She is compensated in a salary & commission structure & is anxious to stay on with the buyer who can take this to the next level. Seller is also including in the purchase price a pre funded Citi Bank credit card with apx $3,428 on it for their buyer along with a $1900 marketing plan through Allstate for 2015 that is paid for already too.

Much upside to this purchase. A new buyer will be on a higher commission structure (over a 3 yr. Period) & should net apx $200,000. Seller's commission structure is based on the company contract. A new buyer starts at the maximum allowable.Commission. Seller pays apx. $500 / month for leads that produce apx 30 auto policies & 10 property policies / mo. This is a great business that has growth potential, a licensed employee that can handle this & a nice office space. The seller has leased a VOIP phone system there, 5 phones + e fax, for $195/mo, no contract & all new hp computers, with dual screens, (except receptionist), for $62 / mo. I will qualify you with the franchisor..


Asking Price Range:  < $250K
Gross Revenues:   $484,435
Cash Flow:   $140,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased

Print Listing Id: 700236319
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