Independent Insurance looking for merge with retail bank
Business-for-Sale Listing

ListingID:
Lister: Owner
Type_of_business: C-Corp
est_month: 04
est_day: 15
est_year: 2009
State_Est: FL
Employees: 2
Franchise: no
Relocatable: yes
Home_based: no
Startup: yes
Business_type: Services
NAICS:
Country: USA
Zip: 34109
State: FL
City: Naples
Asking_Price: <1,000,000
Exact_Asking_Price:
Gross_Revenue: 200000
Annual_Cash_Flow: <500000
Cash_Flow_Multiple:
Inventory: 2000
listing_inventory_incl_in_asking_price: Yes
Equipment:
Equipment_incl_in_asking_price: Yes
Real_estate: 0
Real_estate_incl_in_asking_price: Yes
Financing_for_buyers: Yes
Load_desired: Yes
Investment_desired: Yes
Photo:
Remote Name: 67.233.59.121
Remote User:
Date: Tuesday December 08, 2009
Time: 18:58:48 -0600

Description

Independent insurance agency with multiple insurance carrier contracts looking to merge with retail bank and form an insurance division. Agency will be able to offer homeowners, auto and business insurance for bank customers. This will enable the bank to provide a full financial portfolio.

Gross_Revenue_Comments

New start-up business. Insurance commissions earned per a policy is 10-20% of annual premium. Ability to make $1+ fisrt year with aggressive management

Cash_Flow_Comments

No loans. All cash flow is from account receivables after expenses

Business_location

Naples, FL. Able to locate any part of the U.S.

Business_competition

Other independent agencies.

Business_opportunities

Broad portfolios for bank clients

Support_and_training

Current management will train additional staff to sell and service insurance products.

Reason_to_sell

Desire to expand business and be part of a large corporation with a name

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