Insurance Office with 80% Recurring Revenue! 650k Net! 250k Down!

Monmouth County, NJ
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Asking Price:$2,500,000
Gross Revenue:$692,970
Cash Flow:$653,077
Established Year:1994
BUSINESS DESCRIPTION

If You Have Real Insurance Experience, You Will Make A Lot of Money in This Busi

INSURANCE PRODUCER LICENSE IS REQUIRED TO OWN THIS BUSINESS. Office in business for 30 years. 80% of the business is recurring revenue through monthly retainers with 40 clients. Most of the clients have been working with them for over 10 years. Overhead is minimal so over 90% of revenue goes straight to the bottom line. Owners have never spent any marketing dollars and have never went out to solicit business as 100% of their business has come via word of mouth and referrals. With some marketing and sales effort, the sky is the limit for this business! After a very lucrative career, owners are retiring. This business is SBA pre-approved for 90% financing of the purchase price. Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds, a copy of your Insurance Producers License and buyer interview with the broker are all required before receiving specifics.


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Not Included in asking price
Reason for Selling
retirement
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Elliot
Dweck
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Elliot Dweck