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West Side

  • Listing No.: 101-16014

  • Category: Professional

Asking Price $179,000.00
Down Payment
Gross Revenue $167,000.00
Total Adjusted Net Income $64,630.00
Equipment / Fixtures $8,000.00
Year Established
General Location West Side

This established West Side independent P&C insurance agency is a mix of standard and non-standard policies. The business gross revenues have been solid over the years. Retention is high as it keeps clients with agency, even if not with the same carrier, through automatic text payment reminders and info if there is a price change. In 2018, business grossed nearly $170K, with a net of over $60K. Located in a strategic, high-traffic intersection location, clientele is diverse and bilingual. Main carriers include Progressive, NSD, and American Access among others. Business holds 560 active policies with $1.2 MM premium dollars in 2018. Loss ratios are good. Seller, who is an experienced professional, will assist in transition. Only $179K.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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