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Insurance Claims Recovery Svcs Firm W / High Rev
Location: United States -> New York -> New York City Area -> New York
Industry: Business Services > Financial




Business Summary

ProNova Partners is pleased to present this exceptional insurance claims recovery services enterprise that specializes in two very specific insurance-related verticals. The firm has a number of in-house attorneys and a large team of A-players that are ready, willing and able to scale with either a strategic buyer or a well-capitalized supportive capital partner that is looking for a platform in the property and casualty world in general or the workers compensation world specifically to capitalize on and grow. Unique to this business model is a long-term, contracted, revenue stream, (tail) that is worth today roughly $39 million and will account for approximately $2MM of the Company's total annual revenue.

Historically the Company had a solid sales team, but more recently the Company has essentially obtained all of their clients based on passive inbound leads from their website and referrals from either current and past staff or former & existing clients. The decision to not actively continue to market related entirely to the age and goals of the owners who chose to keep the business active but focus on dividend versus growth. Significant expansion opportunity exists for a Buyer with a good marketing engine. There are a large number of insurance carriers that should be using the Company which has penetrated only a small fraction of the total market.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners which will cover in greater detail the line(s) of business the client is presently involved in.

Detailed Information

Facilities: The company is based in a well-located build out but with C19 this space has grown to be discretionary at best. The space could provide a launching point for the Buyer or once the lease is up the Buyer would secure additional cost savings by going 100% virtual. =Part of the Company's business continuity planning has included plans for all staff to be able to work


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $5,020,165
Cash Flow:   $1,491,114
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1990
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed.
Reason For Selling:  Liquidity event and retirement for the shareholders.




Print Listing Id: 700378180
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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