Description

Imagine being able to buy Freeway Insurance when it only had a handful of offices? That's what this Company has been modeled after and the best of breed technology platform designed and developed in house by the Owner helps him maintain a 24/7/365 pulse on all operations/locations. The Company is a non standard auto insurance chain of offices that places service first and built upon this next generation agency management technologically stack. Since the founding of the Company a decade ago there has been a consistent commitment from a top down approach to customer service and implementation of state of the art agency management tools that mirror that of organizations with 50-100+ offices and doing 10-200x as much revenue as the present Company. The reporting modules and workflow within the platform enable individuals throughout the organization to excel in selling insurance online and over the phone as well as in person. From the initial point of contact (regardless of the nature) the focus has been and continues to be maximizing the customer experience while keeping an eye on profitability and the bottom line. Revenues are $863,260 commission and the balance is fee revenue from Broker fees, endorsements, MVR's and miscellaneous income. Focus has been primarily on the non standard automobile market, but they have some home & commercial and the operation is in the process of securing licensing for health and life insurance for additional cross sale opportunity within the book. Primary carriers include Stonewood, National General, Infinity, and a handful of other non standard markets and GA's wherever the risk can be placed economically. NDA is required for 24 page
Detailed Information

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: In mostly heavily trafficked, high visibility locations with lots of traffic day & night.

Competition: Competition is strong, there's quite a few agencies around the general vicinities of the various offices.

Growth & Expansion: Seller has primarily focused on auto, there is the ability to round out the book hopefully subject to Buyer's capacity to do so.

Support & Training: Some training will be included in the purchase. Any balance of training offered beyond the initial term would be at $300 per hour by the Seller.

Financing: $1.5MM Cash down, $750k financed at $15k per month for 50 months at 0%!

Reason for Selling: Other business interests.

Posted Aug 23, 2016

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