Established Insurance Firm
Location:
United States
->
North Carolina
Industry: Professional Services > Other Professional Services
Business Summary
Email or call Jeff Snell at 919-341-1100 with Enlign Business Brokers. This group and individual health provider is one of Blue Cross Blue Shields largest partners demonstrating significant year over year growth and a top producer. Priced at 3x 2008 projected gross, this is a solid short term ROI opportunity.
Business Description: Writes insurance for both group and individual health plans. This opportunity is to purchase the business (not a book) with an established name, proven marketing plan, and high commission level. Sellers have developed and put into production an extremely profitable online sales solution which is adding significant profit to the bottom line representing a incredible opportunity to leverage across additional lines.
Competition: Company competes in an extremely competitive environment where customers have many choices. Company competes extremely well at corporate level due to quality of service and at the personal level very well due to extremely effective use of technology. Sellers will sign an extended non-compete on clients and contacts beyond employment agreement UP TO 10 YEARS.
Potential for Growth : Sellers will guarantee performance over 3 terms at 20% net commissions per term on current lines as the main componant of a $2.5 million earnout. Significant cross sell and upsell potential with addition of lines such as 401k, Long Term Care, Employee Benefits, Buy/Sell, Property and Casualty, key person, liability, etc. products. This business represents a profitable platform that with an enthusiastic and motivated buyer could grow total commissions 50% per year for the next several years.
Seller will consider some owner financing however the earnout is anticipated to be the majority of seller contribution.
Contact for more information on this Insurance Firm for sale.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$1,132,500
Cash Flow:
$544,554
Cash Flow Type: Sellers Discretionary Cash
Inventory: $20,000
Seller Financing: Yes
About The Business
Year Established: 1994
Number of Employees: 4 - 5
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Sellers will provide transition assistance over up to 3 year earnout period.
Reason For Selling: Business requires that owners make significant financial and lifestyle changes to take production to the next level (see growth opportunities section)
Click on the "I'm Interested" button above for more information on this Professional Services > Other Professional Services business for sale.
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Print Listing Id: 70077595
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