Insurance Agency for Sale, 900 Policy Portable Commercial Book, 55% Construction, Torrance, California
Insurance Agency for Sale
900 Policies in Force - primarily construction focused enterprises, heavy in the DME space, this is a great PORTABLE book of accounts from a single Owner and one producer. Placing direct with Amtrust, BTIS, BIS, CAN, Cal Choice, Employers, Guard, Hudson, Philadelphia & SIS. Does Work Comp, G/L, Commercial Auto, $833k in Premium up for grabs, so it’s about $105k in commissions and $40k in Broker Fee revenue. Has a branded payroll service that sit atop one of the major platforms that helps with client stickiness and is an area ripe for opportunity to expand across the book. Couple 401k plans also that have group annuity programs through Ohio National so proof of concept to cross sell these kinds of solutions is already in hand. NDA is required for first round package on the book of business crafted by ProNova Partners.
About the Business
Number of Employees:
Currently home office setting, portable for anyone that is currently doing commercial business and licensed in California. You pick up the phone, you can service this book. (Home Based)
Construction risk is a niche industry but the Seller has taken good care of the client base and has secured referrals as the main driver of revenue expansion.
Growth & Expansion:
Primarily a renewal book. Good entry level acquisition target if it's someone's first purchase potentially due to price point and Seller's willingness to finance a significant portion of the purchase price over time.
Reason For Selling:
$230k Cash Down - $2,264.55 per month for 60 months at 5%!
If you are interested in this insurance agency for sale, please contact Tina Zeng at 949-864-6436.
Contact InformationTina Zeng
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