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Listed by:

Ace Business Brokers

Broker license number: 01820673

Insurance Policies In Los Angeles For Sale

Los Angeles, California - South, US
Asking Price:
$275,000
Sales Revenue:
$194,291
Cash Flow:
$41,979

A total of 402 insurance policies created gross revenues of nearly $195,000 (in 2017) at this 37-year-old agency. 60% of accounts are commercial, 30% are personal, and 10% are life/health related. High percentage of reoccurring clients speak primarily English and Japanese. With only 1% of clients coming in to make payments (85% are direct billed and 15% are agency billed), the book is highly portable. Net Income after recast is $41,979. Profits could increase for a strategic buyer with an existing operation and can thereby eliminate some expenses or share others. Seller is running this sub-optimally profit-wise.

NDA is required for first round package on the book of business crafted by ProNova Partners.

Property Information

Premises Details:

Facilities: The location has been established for 32 years with minimal competition nearby. Approximately 700 square feet of office space in a small retail center rents monthly for $900. Month to month lease.

Business Operation

Expansion Potential:

This book of business is portable. Seller recommends that the new owner hire producers to develop new accounts.

Competition / Market:

There are two other players in the local vicinity and a number of other competitors as you expand outward, but not an immediate competitive threat because each player has different niche.

Reasons for selling:

Retirement

Employees:
2
Years established:
1981

Other Information

Support & training:

4 weeks at 20 hours per week.

Financing available:

If the price and deal structure is right.

Relocatable:
This business can be relocated.

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