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Listed by:

Ace Business Brokers

Broker license number: 01820673

Insurance Agency Book Roll Eighty Five Percentage Homeowner For Sale

Houston, Texas, US
Asking Price:
$3,800,000
Sales Revenue:
$785,000
Cash Flow:
Available on request

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here:

We are representing an independent insurance agency that is looking to complete a divestiture in the form of a ‘book-roll’ for their overall insurance book of business.

Bullet points on the Company:

• 85% Homeowners : 15% Standard Auto

• VERY STRONG OPPORTUNITY FOR CROSS SELLING – strong potential to double total premium value within 1-2 years post-acquisition

• Essentially entire book of business is UNTAPPED RESOURCE FOR WARM LEADS - ready for cross selling opportunities

• Currently managing ~4,000 policies – by dividing up entire book of business among 5-6 producers expectation would be to yield at least an additional 20-30 policies per month

• Currently working with > 30 carriers for their Homeowner clients, and in an effort to expand their capabilities before year end expected to add an additional (yet another) nationally known carrier to their lineup of Homeowner coverage offerings

• For an agency looking to get into offering risk coverage in the Homeowners space, the carrier market is starting to tighten up in some ways for a new Agency looking to get into the business of offering these lines

• This coupled with the concept that a smaller or newly created agency that is able to gain an appointment (or a few) with choice carriers, even with some access to the market place makes it impracticable to compete with a firm structured as a go-to carrier for the Homeowner’s space – access to over 30 carriers in the home market allows them to continue to write policies in any market environment (such as today’s tightening market)

NDA is required {LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Business Operation

Expansion Potential:

Abundant growth opportunities, book is literally collecting income and strong potential for cross sells with the right agency and relationships, and bundle policies (if possible).

Competition / Market:

Absolutely

Reasons for selling:

Retirement

Years established:
2010

Other Information

Support & training:

As needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Depends on structure, minimal if any

Listed by

Ace Business Brokers

Broker license number: 01820673

Contact Ace Business Brokers

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