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Jan 29, 2019 — Through exceptional customer service and marketing via seminars this Company has grown into a turnkey enterprise for someone looking for a stable, profitable book of happy annuity clients. Easy integration as all files sit in the Seller's online database system for a seamless data dump after closing, not to mention the thousands of client files/leads that did not convert which include the family net worth snapshot, contact information, etc...that can be mined for future conversions. 80% of the clients are located 25 miles from Newport Beach home territory, 60% of new business comes from existing satisfied client referrals. Many accounts have funds available now and upcoming and are ripe for consultations from a Buyer that may have a more diversified product offering or set of products that can help preserve and grow their wealth. 80% commission based, average age of client is 65, average net worth of 75% of clients is $1.5MM. Revenue is 70% annuities, 20% alternative investments and 10% life insurance.
NDA is required for further details from broker.
Facilities: Portable within Orange County, on a month to month lease presently, but Buyer doesn't need to absorb the space to maintain revenue/income.
Competition: Competition is strong in this industry, but the premium service that the Seller provides his client base keeps them happy, long-term relationships.
Growth & Expansion: Owner isn't a Registered Investment Advisor so cannot sell securities to his clients. Large upside for that play within this client book.
Financing: $600K down and $10k/ Month for 60 Months at 0% interest!
Support & Training: As needed.
Reason for Selling: Other business interests.
Home-Based: This business can be Home-Based
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