Commercial Trucking Insurance Agency
Ontario, CA
| Asking Price: | $1,250,000 |
| Gross Revenue: | $709,902 |
| Cash Flow: | $449,862 |
| Established Year: | 2022 |
Listing ID: 2312143Listing provided by BizBuySell
BUSINESS DESCRIPTION
Founded in 2022, the Company holds a Book of Business consisting of approximately 247 policies, $2.78M in Premium with commercial auto policies accounting for 99% of the portfolio and General Liability policies for the 1%. The top carriers within this book are Evarspan, Trisura Specialty, NICO and Progressive.
It's important to highlight that there is no physical office or employees, making this a straightforward book roll for the right Buyer.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
DETAILED INFORMATION
Location
Ontario, CA
Inventory
Not Included in asking price
Employees
4
Facilities
No facilities.
Competition
The insurance industry is highly competitive, but acquiring this opportunity can lead to substantial business growth and the expansion of your book of business.
Growth & Expansion
In addition to cross-sell opportunities, there's a possibility that a Buyer may have negotiated better commission rates with carriers, which could lead to immediate upside for the Company.
Financing
TBD if deal structure and terms are acceptable.
Support & Training
To ensure a smooth transition and ongoing success the Seller will work with a Buyer as needed to successfully transfer the Agency.
Reason for Selling
Seller is ready to retire.
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