Location: Glendale, Ca.
Annual Revenue: $55,000
Asking Price: $79,999
Agency Description:

• Primarily Auto Book with Infinity, AIG, Access, Bristol West and others.
• Agency established in 1994 in same location
• A+ Location - Excellent Lease, Parking
•  12 month profits $40,000+ - very lean operation.
• Busy Phones - Perfect for Owner Operator
• Can keep existing location or fold book into your agency
• To get more information about this agency click here for a Non-Disclosure Agreement and we can send you additional information

Most businesses that don’t sell, don’t sell because the Business Owners income can’t be verified. If you want to improve the accounting and Financial Reporting for your business or insurance agency, now is the time to prepare. With a few easy steps, you can easily improve your business and we’ve listed them below. Continue reading "Now is the Time to Develop Accounting Procedures for Next Year"

In spite of the slow down in the economy there are still an abundance of buyers looking to purchase insurance agencies and brokerages. Many sellers are reluctant to list their insurance agency for sale because they’re not writing the business they were the past 3 years and think they can get more by riding out the slow down. Continue reading "There are still More Insurance Agency Buyers than Sellers"

When an Insurance Agency owner decides to sell their agency they usually have 3 concerns. How much will I be able to sell my insurance agency for? How will I keep the sale of my Insurance Agency confidential? What time frame can I expect to sell my Insurance Agency? Continue reading "Selling a California Insurance Agency Requires Preparation and Patience"

Regular visitors to our blog will notice the site has been completely redesigned. We went from a blog site to a traditional brochure website. The site is easier for users to navigate when searching for businesses to purchase or researching how to sell their business. Our web consultants R3R designed, created and launched the site last week. Continue reading "New Website Design Launched for Business Buyers and Sellers"

Great article in the insurance journal about Insurance Agents E&O Coverage. From what I read, the rates look excellent. It says they have rates as low as $1,500 which many small agents currently pay a $2,500 minimum. Here’s the full article:

http://www.insurancejournal.com/news/west/2008/10/10/94471.htm

Agencies that sell nothing but Auto Insurance are going to have a difficult time over the next few years if they don’t diversify their product offering. Brokers too dependent on Broker Fees or that sell one product (auto) will have a difficult time competing if they’re not already. Continue reading "Sell Additional Lines to Increase Insurance Agency Revenues"

Los Angeles, Ca. - ISU Insurance Services-The Roger Stone Agency, acquired the assets of HMS Services Insurance Agency, Inc. The sale was finalized on September 30, 2008. Terms of the transaction were not disclosed.

Read the Full Article Here Continue reading "ISU-Roger Stone Agency Acquires HMS Services Insurance Agency, Inc."

Many agents and brokers are experiencing challenges in writing new business. The number one complaint we hear are that the phones aren’t ringing. It shouldn’t take the second coming of the Great Depression for insurance agents to prospect new business. It should be a habit and become a part of your daily routine.  

In the insurance brokerage business, we’re spoiled. Most of the business you write calls you. You or your employer advertises on TV, the internet, yellow pages and hundreds of other types of publications. Continue reading "Insurance Brokers need to take Proactive Approach when Prospecting"

When buying or selling a business in California, you should have a team of advisers assist you. You need a team of 3 professionals consisting of a Business Broker, CPA and Attorney. Each one will play a vital role and in spite of the fees or commissions paid to your team, you’ll come out ahead.

The knowledge of selling businesses in California makes your Broker extremely valuable. Whether you’re buying or selling, hiring a Broker to assist with the entire process will save you thousands of dollars and literally 100’s of hours of valuable time. You can continue running your business while someone else markets, pre-qualifies, prepares and sells your business. Continue reading "Hire Help When You Buy or Sell a Business In California"