2 Independent P&C Agencies


Listing ID: 700241667

Listing Title: 2 Independent P&C Agencies

Quick Link: http://www.globalbx.com/listing.asp?bId=241667

Industry: Business Services

Industry Segment: Financial

Country: United States

State / Province: Arkansas



Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1982

Number of Employees: 1 - 3

Business Description:
- Agency # 1 - $60,000 annual commissions - All personal lines - 80% ''standard/preferred''...20% ''non-standard'' - 1 owner...no employees - Office building must be sold with agency! - $175,000 selling price inclusive of real estate - Agency # 2 - $75,000 annual commissions - All personal lines - 1 owner...2 employees o 100% non-standard auto o Office space leased - $80,000 selling price - Both agencies are very near to each other and they can be combined. They are controlled by two different owners, thus, a buyer could buy one or both agencies. - Ron Christopher Co., Inc. (RCC) is a M&A firm that matches buyers and sellers of independent P&C agencies - RCC's fees are 6.0% of the transaction amount and paid by the buyer at closing. - Once a Confidentiality Agreement and Commission Agreement are approved by a prospective buyer, additional details regarding the sellers will be disclosed.

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