**Reduced Price: Acquire a Thriving Captive Insurance Agency!**
| Asking Price: | $579,000 |
| Gross Revenue: | $376,770 |
| FF&E: | $25,000 |
| Cash Flow: | $119,678 |
| Rent: | $1,600/Month |
| Established Year: | 1979 |
Looking to expand your footprint in the captive insurance sector? Consider acquiring this dynamic agency with impressive growth and financial performance.
**Key Highlights:**
- **Strong Financial Performance:** The current book stands at $2.75 million as of May, a significant increase from $2.575 million at the end of 2023 and $2.21 million at the end of 2022.
- **Client Retention:** Our retention rate has rebounded to 83.09%, up from 79.7% the previous year, signaling a successful recovery strategy after years of rate increases.
- **Additional Serviced Policies:** We manage $1.3 million in additional policies, including portfolios from acquired agencies, contributing to our revenue streams.
- **Profitable Operations:** Gross commissions totaled $366,341 last year, with projections to match or exceed this figure despite foregoing a March bonus. The owner's annual bonus alone was $33,471.
- **Robust Growth:** Year-to-date, we've achieved a 68% increase in items and 79.5% growth in premium. Our variable compensation targets have consistently been exceeded, with expectations to continue this trend.
- **Sales Force and Strategy:** Currently supported by two dedicated sales professionals, we emphasize organic growth without purchasing leads, maintaining a cost-efficient operation.
- **Owner's Earnings Potential:** The owner anticipates earning $185,218.64 in commission through June, with a strong likelihood of surpassing $400,000 for the year and earning a projected $54,000 bonus.
**Why Acquire Us?**
- **Expansion Potential:** With a solid foundation and room for growth, offers scalability within the captive insurance market.
- **Profitability and Stability:** Benefit from a profitable business model and a loyal client base, bolstered by strategic acquisitions and proactive retention efforts.
- **Operational Efficiency:** Streamlined processes and experienced personnel ensure efficient management and client service delivery.
**Next Steps:**
Explore the opportunity to acquire and capitalize on its growth trajectory. Contact us today to discuss how this acquisition can align with your investment goals in the thriving captive insurance industry.
Seize the opportunity to invest in a thriving captive insurance agency poised for continued success and profitability.
If purchased by December 1st. The buyer will obtain all of the bonus which is currently at $62k and rising.
