Description

Claims/Investigations Firm-Insurance. This multi-location, 29 year old company, specializes in Insurance Fraud Detection Services. Areas of particular emphasis include: liability, workers compensation, motor vehicle and mortgage fraud.They currently operate five locations, all within the state of California, with opportunities to grow into other states if desired. Licenses are held for both adjusting services and investigation work allowing the firm to offer complete insurance investigatory services. Customers include high profile insurance companies, mortgage entities and Defense Attorneys. The firm has a very diverse client list, with no particular dependence on any primary customers for income.The company has an effective marketing program and also enjoys a strong amount of referral business within their industries because of success past track record. They employ approximately 15 people with current monthly salaries averaging $30,000 excluding the owner. Excellent kept books and records. The very nature of the Insurance Fraud Investigation business is cyclical in nature. Over its 29 years this firm has weathered many cycles in the industry. Sales in the current cycle bottomed in 2014 with $511,146 in sales and have already begun a firm trend upward yet again. Nonetheless, the last four years sales have averaged $2,893,000 including the down year in 2014.The seller feels very strongly the successful buyer of this business will be an owner operator, not an investor type or semi-absentee proprietor. Sales: $2,893,000 (all figures are the average of the last four years) Seller’s Discretionary Cash Flow: $350,000 Asking: $599,990 Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Posted Mar 18, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.