Insurance Agencies for Sale – July 2018
Insurance agency mergers and acquisitions are on the rise and have been for the last five years. Because of this activity and the fact that private equity firms find insurance agencies attractive, the valuations for these agencies are at an all-time high.
Contractor Book for Sale – Cash Machine! 15 Year Old Contractors Book of Business. High Revenues! Will go Quickly. 3500 policy portable book mostly small and medium-size contractors with a mix of commercial GL, Workers Comp and Commercial Auto that can be serviced anywhere in the US. This is a marketing machine that keeps humming, producing exceptional revenues and is “serviceable” from anywhere. Top Carriers include Amtrust, Berkshire Hathaway, Hartford, National General, Mercury, Progressive and top notch MGA Products. Includes lead generation websites and campaigns. Asking Price 2.5 X of Revenue / Reported Revenue THIS IS A CONFIDENTIAL LISTING. PLEASE CONTACT OUR OFFICE FOR DETAILS
FL Agency – Operated by a 25-year industry veteran agent/owner now looking at another opportunity, agency has been located in Jacksonville FL for the past 11 years in a high traffic area, the book is portable and clean with top carriers: Progressive, Universal, American Tradition, not 1 problem customer. Open lease for new owner, office monthly expenses: $1500.00, Seller willing to stay through transition, Retention: 80%, Annual Premium $1.2mil. Asking Price $380,000
Los Angeles County Agency, CA – Seller looking to retire, Carriers: Alliance United, Infinity, Progressive, Products: Auto, Home, Commercial, 50-50 Standard and Non Standard business, Retention: 78%, Loss Ratio 60%, Persistency 70%, Annual Premium: $1.5Mil, Requested Amount: $300,000.
Northern Utah – This a fantastic independent, long-standing Utah based full-service agency doing business in 27 states. The agency has been doing business since 2002 and continues to grow year after year. This agency is a full-service agency with 95% of the book being standard lines. There are 5 employees that will continue on post-sale. Markets include Auto Owners, Progressive, Safeco United, and others. Asking Price 2X of Revenue / Reported Revenue $600K
San Francisco – Best in Class full-service agency. Standard Book of Business with Top notch carriers. Hartford, Travelers, Safeco and many others. 50% Mainstreet Commercial, 50 Personal Lines. 3 Licensed CSRs agency who wish to stay on board. Owner is retiring after 19 years in the business. Over 3000 policies in force. Excellent opportunity! Won’t last. Asking price is 3X Revenue / Reported Revenue $500,000.
CLICK HERE TO REQUEST MORE INFORMATION ABOUT “SAN FRANCISCO” – THIS AGENCY IS SOLD