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Trucking Insurance Agency for Sale – Established Client Base

Business Logo
Business Logo
Asking Price:$200,000
Established Year:2021
Gross Revenue:$1,000,000
Listing ID: 2312541Listing provided by BizBuySell
BUSINESS DESCRIPTION

Serving 10 States with Established Carrier Partnerships"

Source One Insurance Agency, based in Columbia, Maryland, is an independent insurance agency that provides specialized coverage in areas such as trucking insurance, personal auto, and renter’s insurance. The agency operates across ten states, including New Jersey, Delaware, Pennsylvania, Maryland, DC, Virginia, South Carolina, North Carolina, Georgia, and Texas.

The agency collaborates with multiple prominent insurance carriers, including Progressive, Coverwhale, RT Specialty, Geico, Canal, and Dynamati Specialty, among others. It emphasizes client education on compliance and offers additional services like ELD (Electronic Logging Device) assistance, factoring, equipment leasing, and load services to support the growth of trucking businesses.

Founded in 2019, Source One became an independent agency in June 2022. The agency's book of business is valued at $1 million, and the owner, Andrea Jackson, has considered selling it while maintaining its growth and service integrity.

DETAILED INFORMATION
Inventory
Not Included in asking price
Employees
2
Competition
Strong M&A Activity: 2024 has seen a surge in mergers and acquisitions (M&A) for insurance brokerages, with a 43.8% increase in transactions compared to 2023. Independent agencies are attracting significant interest, particularly from private equity-backed buyers seeking businesses with stable client bases and growth potential. This trend suggests favorable conditions for selling an agency like Source One?
Growth & Expansion
Increased Revenue Potential: Marketing more aggressively and hiring additional staff can boost client acquisition through referrals and social media, increasing your revenue streams. Higher Costs: Increased marketing efforts and hiring mean higher expenses in advertising, salaries, and training. Mismanagement of these costs could strain cash flow.
Support & Training
Including robust support and training options for partners is an excellent way to enhance your agency's value and operational effectiveness. This could involve the following:Video Tutorials: Create step-by-step video guides for commonly used processes, such as navigating your systems, understanding compliance requirements.Interactive Zoom Meetings:
Reason for Selling
"After years of dedication to building a successful agency, I’m ready to retire
Home-Based
This business is Home-Based
Franchise
This business is an established franchise
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andrea jackson
Phone Number
andrea jackson
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