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SOLD: Alameda County Commercial Insurance Book of Business for Sale

Posted by Stuart Ganis on March 11, 2010 at 6:50 pm

Location: Alameda County, California

Agency Description:

Gross Income: 2009 - $150,000
Net Earnings/Cash Flows:  $77,000

  • 80% Small Commercial Lines, 20% Small Group Health
  • Contractors, General Liability, and Work Comp
  • Not dependent upon location, perfect FOLD-IN to buyer’s office
  • Stable revenues and strong profits
  • 16-year old agency with loyal clients
  • Virtually no personal lines, excellent Cross-Sell opportunities
  • Click here for a Non-Disclosure Agreement to receive additional information



Commercial and Personal Lines Insurance Agencies for Sale are in Demand

Posted by Stuart Ganis on May 20, 2009 at 7:34 pm

We’ve written on numerous occasions how unbalanced the ratio is of insurance agency buyers compared sellers. Other than Insurance Agency Consulting, the number one reason clients contact us is to BUY an Insurance Agency. Since there are so few sellers in the marketplace this may be the best time to sell your insurance agency. Continue reading "Commercial and Personal Lines Insurance Agencies for Sale are in Demand"


SOLD: California Insurance Book of Business for Sale

Posted by Stuart Ganis on May 19, 2009 at 6:02 am

Location:  Currently Based in Northern California 

Agency Description:

  • 70% Personal Lines 30% Commercial. primarily preferred carriers, including Safeco, Hartford, Travelers, Kemper, First American
  • 750 Active Policies with 550 Clients (Great Account Rounding)
  • Commission revenue stable for 3 Consecutive Years
  • Great Fold-In Opportunity:  not location dependent, can be folded in to existing agency anywhere.
  • No Overhead, employees or office lease to assume
  • 100% Paperless using Quickfile Agency Management System
  • Click here for a Non-Disclosure Agreement to receive additional information

Los Angeles County Insurance Agency with 3 Locations for Sale-No Longer Available

Posted by Stuart Ganis on April 10, 2009 at 1:52 pm

Location:  2 in San Gabriel Valley and 1 in Los Angeles

Agency Description:

  • Primarily Auto Book with Permanent General, Infinity, Unitrin and others.
  • A+ Locations - Excellent Leases and Parking
  • Busy Phones - 3 Seasoned Employees
  • All locations contain Cameras with dedicated internet IP Address
  • Agency Website
  • Paperless using Hawksoft Agency Management System
  • Click here for a Non-Disclosure Agreement to receive additional information

SOLD: Small Southern California Non-Standard Auto Insurance Book For Sale

Posted by Stuart Ganis on December 17, 2008 at 8:06 pm

 

Location: Southern California
Annual Revenue: $20,000
Asking Price: 1.5X Annual Revenue
Agency Description:

  • Personal Non-Standard Book
  • No location, employees or other liabilities to assume. 
  • Business placed with carriers such as Infinity, Access, Bristol and many others.
  • Seller is including Phone Number and all Customer Files. 
  • Clients are NOT dependent on office, all communication is by phone, email or fax.
  • To get more information about this agency contact us for more information
  • This is NOT a Ganis Consulting Listing, please call for details. 

SOLD: San Gabriel Valley Personal and Commercial Insurance Agency for Sale

Posted by Stuart Ganis on November 21, 2008 at 12:16 pm

Location: San Gabriel Valley, Ca.
Annual Revenue: $145,000
Asking Price: $175,000
Agency Description:

  • Personal/Commercial Book
  • Agency established in 1996
  • A+ Location - Excellent Lease, Ample Parking, Excellent Lay out and Design
  • Business placed with carriers such as Safeco, Travelers, Progressive, Hartford, Sequoia, CNA, Infinity, Access, and many others.
  • Perfect Agency for established Brokerage to expand or Start up with some insurance background.
  • Priced to Sell quick.
  • To get more information about this agency click here for a Non-Disclosure Agreement and we can send you additional information

If a Business for Sale Interests you Submit an Offer

Posted by Stuart Ganis on September 27, 2008 at 8:29 pm

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"


Buyers Need Representation when Identifying a Business for Sale

Posted by Stuart Ganis on September 1, 2008 at 1:53 pm

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.


SOLD: El Monte Auto Insurance Agency For Sale

Posted by Stuart Ganis on July 31, 2008 at 8:39 am

Location: El Monte, Ca.
Annual Revenue: $135,000
Asking Price: $175,000
Agency Description: Continue reading "SOLD: El Monte Auto Insurance Agency For Sale"



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