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SoCal Progressive and Kemper BOB - Appointees Only

Seal Beach, CA
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Asking Price:$110,000
Gross Revenue:$35,000
Cash Flow:$30,000
Established Year:2015
Listing ID: 2277479Listing provided by BizBuySell
BUSINESS DESCRIPTION

Kemper BOB - Appointees Only

Independent Orange County Insurance Broker purchased a book of business in 2023 that contained a high percentage of clients bound by Progressive. With the inability to be issued a new appointment, the Seller is doing what is best for the clients and offering the book to a verified Progressive-appointed agency.

The well-established Progressive Book contains 455 policies. 21% of the book has had policies for more than a decade. Those clients have been policyholders for an average of 15.5 years.

The combined commission for the trailing 12 months of 478 policies is $34,700.00. 46% of the business is motorcycle coverage.

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

DETAILED INFORMATION
Location
Seal Beach, CA
Inventory
Not Included in asking price
Employees
1
Facilities
None. A buyer will have no lease obligations with this transaction.
Competition
These policies will help an appointed agency grow and increase its market share.
Growth & Expansion
Greater diversification and opportunities for adding new clients for cross-sales with Home and Auto insurance are always beneficial.
Support & Training
To ensure a smooth transition and ongoing success the Seller will work with a buyer part-time for a month if needed or as negotiated.
Reason for Selling
The Seller’s agency cannot secure its own carrier appointment to service these p
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Terie
Salinas
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Terie Salinas
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