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Details

This highly motivated seller has developed a good reputation in a close-knit Latino community and maintains high renewal rates thanks to the Seller’s ability to provide superior customer service and a successful referral program offered to clients.

Providing accessibility options via the internet has also helped build and maintain the flow of business.

DMV services, like tag and registration renewals, are convenient for local customers who can stop in without having to spend an afternoon in line at the DMV. The value-add offers a secondary revenue stream for the business. The Seller has all the needed permits and approval to begin tax preparations services. Doing so would mean additional cross-sales opportunities and an additional line of revenue. The landlord has even provided a tax preparation exclusivity to the operation.

Upgraded web-based operating and quoting systems; FSC provides faster and more accurate quotes while HawkSoft improves the overall efficiency of the agency.

Currently, the Business has 926 active policies from eight carrier appointments.

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

Detailed Information

Facilities: Offers better than reasonable rent and high foot traffic in a busy retail center where customers can conveniently get groceries and run other household errands without making multiple stops. Space is 480 square feet.

Competition: There is some nearby within a local grocery store, but business is rarely lost to that agency. Competition is tight, but customer service, good rates, and online capabilities help them stand out.

Growth & Expansion: Hiring more licensed agents and maximizing regular follow-up opportunities like sending timely email reminders to those whose policies are renewing soon will result in higher retention rates. As will sales efforts in bundling additional insurance services; renter’s insurance, or other personal policies.

Financing: Short term if terms and conditions are favorable.

Support & Training: 4 weeks

Reason for Selling: Other opportunities.

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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.