We spend 100% of our time prospecting insurance agencies for sale and know from experience that locating a viable candidate is no easy task. To find an insurance agency for sale that profitable, has reasonable pricing, good markets, location, employees and other positive features can literally take years for you to locate. Continue reading "Locating and Buying an Insurance Agency is no Easy Task"

Any research you’ve done on Buying Businesses will teach you that a Business ultimately sells for what someone is willing to pay for it. An asking price for a business is basically an opinion since COMPS for similarly sold businesses don’t exist.

You can show 10 Income and Expense Statements to 10 different Business Brokers/Bankers/Appraisers and get 10 different valuations. Continue reading "If a Business for Sale Interests you Submit an Offer"

We’ve taken numerous calls in recent weeks from buyers that have identified an Insurance Agency for sale and needed help evaluating the agency and preparing offers. The hardest part of buying a business is locating a viable candidate so when you do, you can’t let it slip through your fingers. There are many benefits to having a 3rd party involved which are listed below.

• We’ll keep the process moving. Many Business Sales reach a stalemate and the deal can sit for weeks or months and never close.
• An intermediary can discuss buyer concerns with a seller that a buyer can’t or won’t.
• A Broker can evaluate and give advice based on experience from buying and selling businesses.
• We can formalize the process by using standardized forms used in the Business Brokerage Industry.
• Sellers tend to take buyers seriously when they have Professional Representation and if you’re competing with other buyers, you’ll have a distinct advantage.
• You don’t have to pay a Broker unless a sale is consummated.

If you’ve located an Insurance Agency or other type of business you want to purchase, hire a Broker to represent you. Again, it won’t cost you anything unless you consummate a transaction and you’ll save yourself a lot of time and money. We offer buy side representation so contact us to learn more.