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The product covers towing of covered customers’ automobiles when needed as well as Mechanical First Aid, Tire Service, Battery and Lockout Service. The coverage can be bound by any licensed auto insurance agent in a matter of minutes simultaneously with the binding of an Auto policy. This offering includes a substantial cash flow, profit margin, and existent customer base.
The markup up and profit on each add-on policy sold by an auto insurance Producer who is a member of this program can be substantial while the product still remaining extremely competitive with the few other such offerings in the marketplace. The Seller’s product provides two established and robust revenue streams for both Auto Insurance Producers and for Auto Insurance Carriers, with their networks of independent agencies.
The Seller has developed the necessary, working software technology to interact both with Insurance Agents, Insurance Carriers and Towing Services Providers.
The assets for sale are the Custom Software and working Website that allow agents to input the customer and bind the coverage while also handling billing. Assets also include the current Customer List, Producing Agent list and Insurance Carrier list; the current Contract with the Roadside Service Provider and all existing relationships with contact information. This opportunity presents a real income boost for agents and carriers coupled with a much-appreciated benefit for auto insurance customers.
- Current revenue stream: Seller has an existent revenue stream and some thousands of customers. Seller’s product has enormous growth potential with a high profit, yet competitive product.
- Seller wishes to sell Custom Software and working Website that allow agents to input the customer and bind the coverage while also handling billing. Assets also include the current Customer List, Producing Agent list and Insurance Carrier list; the current Contract with the Roadside Service Provider and all existing relationships with contact information for $499,000.
- Estimated, existent and additional expenses for purchaser: Minor expense to “hook up” Seller’s software with Buyer’s banking and tracking systems.
- Due to illness, Seller cannot expand business.
Furniture, Fixtures, & Equipment: N/A
Facilities: Web based USA
Competition: Comprehensive package on file covers this, NDA is required.
Growth & Expansion: Comprehensive package on file covers this, NDA is required.
Support & Training: Two (2) weeks, ten (10) hours per week as needed.
Reason for Selling: Health of managing Owner.
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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.