2 for 1 Opportunity for ASO Plus Insurance Agency
| Asking Price: | $600,000 |
| Inventory: | $5,000 |
| FF&E: | $10,000 |
| Gross Revenue: | $350,000 |
| Rent: | $580/Month |
| Established Year: | 2005 |
Payroll-Bookkeeping-Tax-Insurance Services established in 2005
We provide administrative services with a unique "All-In-One" concept for Hispanic subcontractors in Florida, who are involved in over 90% of construction work in the state. Many of them face language barriers and are underrepresented in managing their businesses. We offer the administrative support they need to meet industry insurance requirements. As a bilingual company, we cater to the Hispanic community and offer much-needed representation for their contractors. Our client base is extremely loyal, with some clients having been with us since 2005. Our growth has been driven by word-of-mouth referrals each year. In addition to our bookkeeping process, we conduct insurance audit reconciliation, which is now mandatory for all commercial general liability and workers' compensation policies in Florida. Our staff includes two degreed accounting majors on the payroll side and two licensed customer service representatives on the insurance side, all managed by a principal general agent.
Most established subcontractors typically have an outside bookkeeper and some may provide tax services. They typically have an insurance agency that provides their commercial insurance to be able to work in construction in Florida. They may also have a payroll service such as ADP or Paychex, etc. However, these services are often scattered among different vendors who do not communicate with one another. Most agencies simply sell the policies and have little or no contact with their clients until audits come up at renewal. Commercial insurance premiums are usually underestimated to get the business on the books, and at audit time, significant imbalances occur because no one is managing these processes. Our "All-In-One" concept manages these risks together to ensure everyone is on the same page and to avoid any "surprises". Very few companies offer this service, but we do and we do it well. We were one of the pioneers of this concept years ago. Note: This is a turnkey operation with the staff committed to staying on board. We are incentive based and this is an important part of our success. Since this niche business caters to Hispanics it will require a niche owner who will be bi-lingual. They go hand in hand. NO BROKERS OR INSURANCE AGENCY BUYERS.
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