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Insurance Brokerage Company
Location: United States -> New York -> Richmond County
Industry: Business Services > Financial



Business Summary

Insurance Brokerage - NY METRO. This brokerage book of business has been growing since inception 15 years ago. The current owner took over 7 years ago and is now ready to sell as he is moving out of state. The brokerage specializes in auto, home, life insurance and investments. Auto and home make up approx. 92% of the current business. In the past year the book of business generated approx. $3,400,000 in annual commissions. The owner's gross income was approx. $340,000.00. After paying all overhead, the owner's net was approx. $185K. The sale price includes a 900 sf office space and a staff of 3. Office is only $2,500/mth. with a lease that can be extended. We are seeking a serious and financially qualified buyer with some industry experience. ALL SITE VISITS MUST BE MADE BY APPOINTMENT ONLY.

Financials
Asking Price Range:  $500K - $1.0M
Gross Revenues:   $3,400,000
Cash Flow:   $185,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business
Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale
Reason For Selling:  Moving out of state.




Print Listing Id: 700313927
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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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