Looking for a buyer.
This profitable trio of companies is comprised of three separate entities; one for each of the financial services provided. An acquisition would include the Insurance Brokerage (a California S-Corp), a Financial Planning Corporation (a California S-Corp), and a payroll solutions company that is an LLC. All are solely owned by a professional couple.
The business grew from modest beginnings. Although it launched in 2008 as a commercial insurance office, the three divisions today create $2,300,###-###-#### in gross revenue and serve more than 1700 clients.
Establishing a strong work ethic incorporating both urgency and compassion, with the highest level of customer service has resulted in 16 years of growth and a turn-key profitable business with 1,000 active policies.
This insurance book features an incredibly low loss history - below 5% - and a remarkably high retention rate of 99.72% steady for the past 36 months.
Combined Agency Revenue is $755,000 per annum.
The financial planning and management corporation is an independent fee-only Registered Investment Advisory service. The firm manages $88.1M in client AUM. The average client pays AUM fees of 1% to 1.3%. The Company represents 750 clients and created gross revenues of $966,000 in 2023.
The payroll firm works with just over 400 business clients to gross $580,000 per year. About $75,000 per year is generated by TPA services for 401k plans.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The Company is headquartered in a professional commercial complex. Two years are remaining on the lease. The monthly rent is $9,000.
Growth & Expansion: Cross-sales of existing clients could be highly rewarding. Additional advertising or launching social media could also be beneficial.
Financing: Only if the deal structure is right for a highly qualified Buyer.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed. He will consider an ongoing paid position as a consultant, executive, or as negotiated.
Reason for Selling: The Sellers are looking to spend more time focused on family.
listing type
exclusive representation
exclusive representation
industry
Insurance
Insurance
location
Fresno, CA, USA
Fresno, CA, USA
revenue
$2,302,929
$2,302,929
ebitda
$1,716,273
$1,716,273
proposed price
$12,000,000
$12,000,000
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