Insurance businesses

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November 08, 2018

by a searcher from Dartmouth College in Allentown, PA, USA

Has anyone considered buying a book of business from a retiring insurance agent? I'm interested to hear reactions to insurance as a target industry and the pros/ cons people would expect from acquiring and operating an agency that provides comprehensive coverage for families and businesses.

Thank you in advance for any thoughts

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Reply by an admin
from Stanford University in Honolulu, HI, USA
We also interviewed ^redacted‌ about his acquisition. Here's the link to Part I of his interview: https://www.searchfunder.com/article/viewarticle/1374. By the way, Ryan's interview is located at: https://www.searchfunder.com/article/viewarticle/38 and August's at https://www.searchfunder.com/article/viewarticle/39. Best of luck to you.
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Reply by a searcher
from University of Southern California in 10801 National Blvd, Los Angeles, CA 90064, USA
what would multiples look like for this? i ask because there could be high level of key man risk with an agent's book of business if they do not have a full staff of people under to service the book
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