Thriving Auto Insurance Agency for Sale
Tampa, FL
| Asking Price: | $989,000 |
| Gross Revenue: | $755,000 |
| Cash Flow: | $755,000 |
| Established Year: | 2015 |
Listing ID: 2201212Listing provided by BizBuySell
BUSINESS DESCRIPTION
$63,000 in Monthly Commissions
**Cash Buyers Only**
This is an independent agency for sale based in Florida. The entire book is for sale. See the list of carriers that we currently write with.
$755,000 in commissions received last year in 2023
Approximately 7-8 million in premium
Annual Retention is approximately 70%
Loss Ration is approximately 55%-60%
ACCEPTANCE
ASSURANCE AMERICA
BRISTOL WEST/FOREMOST
DAIRYLAND
GAINSCO
KEMPER/INFITY
NATIONAL GENERAL
OCEAN HARBOR
THE GENERAL
PROGRESSIVE
UNITED AUTO
EMBARK
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
1
Facilities
N/A
Competition
A typical insurance book of business sells for 2.0x - 2.5x commission. This is book is priced to sell at only 1.3 x commission.
Growth & Expansion
We can discuss the possibly of lead generation opportunities once sale is completed.
Support & Training
Willing to assist as a consultant for a period of 10 days, to ensure a smooth transition with appointments etc.
Reason for Selling
Selling the book to grow my real estate portfolio.
BUSINESS LOCATION
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