Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even if they change carriers, the Secretary of State certified. Continue reading "Californians To Vote On Auto Insurance Persistency Discount"

In 2009, independent insurance agents and brokers faced a “perfect storm” of economic downturn, premiums were a fraction of what they used to be, unemployment and home foreclosure rates were up, and the association’s membership declined. But 2010 may be just as tough, said Kevin Baker of Suhr Risk Services Inc. based in San Jose, Calif. Continue reading "2010 Will Challenge California Insurance Agents but Bright Spots Ahead"

California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance), and is accepting public comments on the proposal until 5 p.m., Thursday, July 9, 2009.

According to the Commissioner, “Insurers frequently rely on consumers to provide their own estimates of the number of miles they drive annually. Continue reading "California Insurance Commissioner Seeks Comments on PAYD Auto Insurance"

Despite the bad economy, soft market and freeze in lending, Insurance Agencies for sale are still in demand. If you have a profitable agency and are looking to sell it, there are plenty of buyers in this market. While most Main Street businesses are struggling to stay afloat let alone sell, Insurance Agencies remain in demand because of the renewal revenue stream they provide. Continue reading "Selling your Insurance Agency or Brokerage in 2009"

Location: San Bernardino County, California
Annual Revenue: $132,000 Commissions, $105,000 brokerage fees, $23,000 premium finance fees. Total $260,000
Asking Price: $315,000

Continue reading "SOLD: Commercial Trucking Agency in San Bernardino County"

We receive multiple calls and emails weekly from business owners asking how to hire a business broker. Another question we hear a lot of is; what are the costs associated with hiring a business broker?  Can I hire a business broker if I’m buying a business? What are the other advantages of hiring a business broker? This post will answer each of these questions so you can better understand the advantages of hiring a licensed professional business broker. Continue reading "Use a California Business Broker when Buying or Selling a Business"

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"

Location: Los Angeles, Ca.
Annual Revenue: $145,000
Asking Price: $250,000
Agency Description: Continue reading "NO LONGER AVAILABLE: Small Mercury Agency for Sale in Los Angeles"

Location: North Orange County, California
Annual Revenue: $100,000
Asking Price: $155,000
Agency Description: Continue reading "SOLD: Mercury Book of Business in Orange County"