SEEKING BUYER
P&C and Trucking Book of Business 1553
Insurance · Woodland Hills, CA
revenue: $745,444
ebitda: $551,754
Exclusivity:
Exclusive Representation
SBA Eligiblity:
Eligible
Revenue:
$745,444
EBITDA:
$551,754
Purchase Price:
$1,900,000
This Book of Business presents an attractive acquisition opportunity for Buyers looking to expand their presence in the commercial insurance sector. The portfolio consists of approximately 50% commercial trucking, 20% Household Goods Movers, 15% Commercial General Liability (CGL), Employment Practices Liability Insurance (EPLI), and Workers’ Compensation, and 15% personal Property & Casualty (P&C) lines. The Book of Business includes 552 policies across 412 clients, generating approximately $5.5 million in annual premiums. With approximately 90% of policies representing renewals, the portfolio offers an established base of recurring business and an opportunity for an acquiring agency to build upon an existing client base. Policies are placed with leading carriers including National General, Berkshire Hathaway and A-One Commercial. There is no physical office associated with the Business, and it operates with five offshore employees, whom the Buyer may choose to retain or release, offering flexibility and making it an ideal book roll for the right acquirer. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: This is a book roll. All employees are offshore. Competition: The insurance industry is highly competitive, but acquiring this opportunity can lead to substantial business growth and the expansion of your book of business. Growth & Expansion: In addition to cross-sell opportunities, there's a possibility that a Buyer may have negotiated better commission rates with carriers, which could lead to immediate upside for the Company. Financing: TBD if structure and terms are acceptable. Support & Training: To ensure a smooth transition and ongoing success the Seller will work with a Buyer as needed to successfully transfer the Book of Business. Reason for Selling: The Seller will be changing industries. A reasonable non-compete will be signed.