National Insurance Company For Sale
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1984
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Owner going into retirement.
Description Nationally known insurance agency in business for 15 years.The economic interest in the book of the business is $1,900,000 in revenue. For this company, in terms of annual generated premiums the Agency's income would be approximately $200,000 gross prior to expenses. These expenses are contingent on the operational processes put in place. Current seller is willing to lease current location to new owner or it can be relocated. The Agency's total policy in force count is 1,400 with over 1,200 households.The combined loss ratio is around 40% and the retention ratio is around 90%. Licensed Insurance agent a plus, but training is available. Contact broker for full financial information and further details on this Insurance Company for sale.
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