Listing Number: 189597-372695
Description
Specializing in Property and Casualty insurance, this insurance consulting office has been in business for over 30 years. Whereas insurance brokers get paid by insurance companies, they get paid by the insured. 80% of the business is recurring revenue through monthly retainers with 51 clients. Most of the clients are in the real estate business and have been working with them for over 10 years. Overhead is minimal so over 90% of the revenue goes straight to the bottom line. Owners have never spent any marketing dollars and have never went out to solicit business as 100% of their business has come via word of mouth and referrals. With some marketing and sales effort, the sky is the limit for this business! After a very lucrative career, owners are retiring, but are willing to stay on for 1 year to ensure a smooth transition. This business is pre-approved for SBA 7(a) financing for 90% of the purchase price, giving the new buyer the opportunity of a lifetime in putting down only 300k to buy a business that has a cashflow of 700k (with unlimited growth potential). Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds and a buyer interview with the broker are all required before receiving specifics.
Listing Details
- Price: $ 2,500,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $ 697,703
- Total Sales: $ 737,052
- Location: Monmouth County, New Jersey
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Year Established: 1994
- Reason for Selling: Retirement
- Category: Insurance
