Insurance Office with 80% Recurring Revenue! 650k Net! 250k Down!

Listing Number: 189597-372695

Description

INSURANCE PRODUCER LICENSE IS REQUIRED TO OWN THIS BUSINESS. Office in business for 30 years. 80% of the business is recurring revenue through monthly retainers with 40 clients. Most of the clients have been working with them for over 10 years. Overhead is minimal so over 90% of 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. This business is SBA pre-approved for 90% financing of the purchase price. Due to the nature of the business and confidentiality with their client base; Signed NDA, Proof of Funds, a copy of your Insurance Producers License and buyer interview with the broker are all required before receiving specifics.

Listing Details

• Price: $2,500,000
• Down Payment: $250,000
• Sellers Discretionary Earnings: $653,077
• Total Sales: $692,970
• Location: Monmouth County, New Jersey


• Inventory: $0
• FF&E: $0
• Employees:
• Year Established: 1994
• Reason for Selling: Retirement
• Category: Insurance