Relocatable Trucking Insurance Agency for Sale in California
Insurance Agency for Sale
Secure this portable opportunity as a perfect roll up acquisition for a large agency looking for a loyal Western United States trucker clientele along with a premium trucking carrier appointment that provides a massive advantage when quoting against the competition.
Must be a trucking focused agency or at the bare minimum have 3-4 staff members that are knowledgeable and focused on trucking and transportation in order to be a viable buyer.
Commission revenue is about 60% trucking specifically with the balance spread across commercial insurance written for other SIC codes and a sprinkle of benefits.
The primary carrier is very picky about appointed firms, and prior to closing a personal or remote interview will be required along with acceptance in writing that the Buyer has been approved.
Currently operating out of an office WITHIN 2 HOURS NORTH of Los Angeles, this can be absorbed as-is with the office manager & CSR, or you can just pick off the book and roll it in to your office.
Clients do not visit so the office is not a requirement to effect a smooth closing and transition period. Book is concentrated in California, but writes in half a dozen other western states.
NDA is required for first round due diligence package on file with the Broker.
Asking price: $1,100,000
Gross income: $431,000
Cash flow: $168,000
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Relocatable within the Western US, key carrier has defined territories.
Competition: Commercial Trucking insurance is relatively competitive, but this company competes where it counts, which is excellent customer service and pricing power with favorable carrier contracts.
Growth & Expansion: Expand marketing initiatives to grow the book.
Financing: $600k Down, $500k @ $8,333.33 / Month for 60 Months!
Support & Training: As needed.
Reason for Selling: Eventual retirement.
If you are interested in this insurance agency for sale, please contact Rick Carlson at 800-985-4939, ext. 621 or by email at RickCarlson@AceBusinessBrokers.com.
Contact InformationRick Carlson
Phone: 800-985-4939, ext. 621
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