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Details

Once in a generation acquisition target for a PEG, MGA, insurance carrier level (to rewrite yourselves), or large insurance agency that is looking for a long term cash flow / ROI play. Retention rates in the 90’s, loss ratios in the 50’s across the entire book and all carriers. Heavily concentrated in one popular preferred carrier with a commission rate of 15%, primarily P&C personal auto, with about 15% home and 5% commercial.

There are two golden geese in this acquisition: 1) This is a cross sellers paradise. Here lies a pool of 10,000+ health insurance cases, life insurance cases, annuities/AUM type targets, additional commercial accounts/business owners, the sky is the limit. Assuming only 10% penetration you have an additional 1,000 customers ACROSS EACH DIVISION!! Maybe more is possible, depends on the acquiring entity. 2) Seller is a master at operations management and extracts an industry best production and net income level on a per employee basis. Sprinkle some of that secret sauce into your organization, and consider how much more profitable would you be if you were running at ~$400k in revenue per staff member??? That IP alone is worth the price, let alone the book of business, future commissions, and cross sale empire to secure.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by broker.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Multi-office acquisition target. Easy leases to absorb or get out of. Clients have been trained to be serviced and supported remotely, 99% direct bill, very few clients visit the subject locations to make payments. Ideal roll up or take over as-is per Buyer preference.

Competition: Insurance is a very competitive industry, but this Agency has weathered the various upturns and downturns due to its impressive size and retention metrics.

Growth & Expansion: A cross selling paradise. Round this out for another million or two in revenue upside if the right Buyer is strong in other lines.

Financing: If the price and deal structure is right.

Support & Training: All employees will stay. Seller will stay for as long as needed per Buyer request and subject to mutual negotiation of a satisfactory consulting/employment arrangement.

Reason for Selling: Liquidity event for Seller.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.