Non-Standard Insurance Agency for Sale, Omaha, Nebraska
Insurance Agency for Sale
Serving a specialized clientele of 1,200 active policyholders, this non-standard insurance business earns some of the highest commissions around. Policies are split 40% commercial and 60% personal, with a primary focus on insurance for those with foreign drivers licensing. Open for 8 years with two small satellite offices in addition to the main Omaha location, the seller is the sole agent serving clients in Nebraska and Iowa. As clientele are mostly Spanish-speaking, the seller will stay on for 1 year to transition the clients to a new owner/agent.
Assisting the seller are 4 full-time customer service representatives to answer phones, assist customers and help the many walk-in clients. Almost no advertising is done as the customers are part of a niche demographic. The seller works out of the Omaha office but does has a CSR staffed in two satellite offices within an hour’s drive.
A buyer fluent in Spanish could cut down the transition time with the seller, and would see a $75,000 increase in cash flow. Priced at $263,000, a buyer paying 20% down would see a first year’s profit of $33,294 after debts.
Gross revenue: $252,295
Cash flow: $70,663
Years in Business: 8
Location and Service Area: Omaha
Number of Clients: 1,200 active clients
Policies: Property & Casualty - 40% commercial, 60% personal
Policies: Main focus is insurance on foreign licensing
Employees: 4 FT - Customer Service Representatives
Hours: Mon - Fri 10am to 7pm, Sat 10am to 5pm, Sun 10am to 2pm
Seller Training Period: 1 year transition
Growth Opportunities: Motorcycle insurance - growing market that provides better commissions
Current Owners Responsibilities: Agent
Assets Included in Purchase
Equipment: Office furniture, fixtures, and operating equipment
Intangible Assets: Name and reputation; loyal clientele; niche demographic.
*amounts may vary
If you are interested in this insurance agency for sale, please contact Cortney Sells at 402-998-5288.
Contact InformationCortney Sells
Back to the Marketplace