Summary of Business
This business is a "Captive Agency" Insurance that has been in existence for over 50 years. The seller has decided to go in a different direction in his career. The Office Manager is staying with the Company along with the SalesForce and Customer Service Representatives. The Annual Gross Premium (Renewals + New Business) is $4,260,000. Net Income + Add Backs = $383,000. The premium is made of 4 categories, P & C, Life, Health, & Commercial. This Insurance Company provides Annual Trips all over the world for Agents and their significant others, who meet production goals. The trips are completely paid for by the company. The Corporate Insurance Carriers also pays the agents an Annual Bonus based on production in Life Insurance, Retention, and Loss Ratios. The 1099's are available to review after an offer is made during the "Due Diligence" process.
History and Business Strengths: This business is a "Captive Agency" Insurance that has been in existence for over 50 years.
Reason for Sale: Seller is leaving the State