Commercial lines P&C agency for sale in the Midwestern US. Commissions are $2+ million per year and the owner is seeking 2.2X to 2.7X annual commissions as a selling price. Payment terms are flexible, however, 60%-80% will be requested in cash at closing.
Key items that are important to this seller in buyers include: 1.) have at least $4 million in available cash to allow for a quick closing, 2.) operate an agency that is primarily commercial lines, 3.) have past experience buying independent P&C agencies and have a strong interest in the Midwestern US.
Ron Christopher Co., Inc. is an M&A firm based in Columbus, Ohio that helps match-up buyers and sellers of independent P&C agencies. We work nationally and have been working in the P&C agency market for 6 years. In 2014 we've closed 10 transactions and our fees are paid by the buyer at closing. Please take note of the above criteria before responding back and we politely decline from working with business brokers.