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Preferred Insurance Agency Personal Lines & Health

Lawndale, CA

Seller Financing Available

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Asking Price:$3,100,000
Gross Revenue:$642,000
Cash Flow:$507,000
Established Year:1995
Listing ID: 2112714Listing provided by BizBuySell
BUSINESS DESCRIPTION

Preferred Insurance Agency Personal Lines & Health

This established, diversified independent agency, appointed by top P&C, Standard and Non-Standard, Auto, Health, and Home Carriers, is offering its Agency or Book of Business. Of the 2700 policies, the P&C distribution is approximately Homeowners -25%, Auto -70%, Commercial -5%, and Healthcare represents 33% of all policies. The retention rate is approximately 86% for P&C and 85% for Health from stable, long-term clients

Modern Technology has been implemented for greater efficiency, making the operation turn-key and the ability to handle the high volume of premiums.

The Business is well-suited for a growing agency, those that want to expand offerings, and those looking for cross-sales opportunities (with commercial and financial products that this agency does not market heavily), for a steady residual income. The Mercury appointment is from 20 years ago and brings in the most revenue.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

DETAILED INFORMATION
Location
Lawndale, CA
Inventory
Not Included in asking price
Employees
3
Facilities
Excellent location at a reasonable rate, conveniently located near freeways and several busy communities. The 1500 square foot space with room to spare and expand is $2500 per month.
Competition
Through new marketing and lead generation efforts, competitors do not offer the same competitive carriers or customer service.
Growth & Expansion
The Seller is finalizing a new appointment that will allow writing policies for civil service and government employees. This means greater diversification and opportunities for adding new clients and cross-sales with Home and Auto insurance.
Financing
May be entertained under agreeable terms and conditions.
Support & Training
To ensure a smooth transition and ongoing success the Seller will work with a buyer for a month, longer as an on-call consultant, or as negotiated.
Reason for Selling
The Seller is going to retire and dedicate his time to his real estate holdings.
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Terie
Salinas
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Terie Salinas
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