This profitable trio of companies is comprised of three separate entities; one for each of the financial services provided. An acquisition would include the Insurance Brokerage (a California S-Corp), a Financial Planning Corporation (a California S-Corp), and a payroll solutions company that is an LLC. All are solely owned by a professional couple.
The business grew from modest beginnings. Although it launched in 2008 as a commercial insurance office, the three divisions today create $2,300,000.00 in gross revenue and serve more than 1700 clients.
Establishing a strong work ethic incorporating both urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable business with 1,000 active policies.
This insurance book features an incredibly low loss history - below 5% - and a remarkably high retention rate of 99.72% steady for the past 36 months.
Combined Agency Revenue is $755,000 per annum.
The financial planning and management corporation is an independent fee-only Registered Investment Advisory service. The firm manages $88.1M in client AUM. The average client pays AUM fees of 1% to 1.3%. The Company represents 750 clients and created gross revenues of $966,000 in 2023.
The payroll firm works with just over 400 business clients to gross $580,000 per year. About $75,000 per year is generated by TPA services for 401k plans.
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