Insurance Agency - Bail Bonds
Location Colorado,United States
Asking Price Range $500K - $1.0M
Gross Revenues $629196
Net Profit / Cash Flow $219003
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1995
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale To manage other investements.
Description Selling 50% ownership for $575,000
This insurance producer (Agency) has the ability to contract with sub agents (Bail Agents) for an override of the premium. A percentage of the premium goes to the company that issues the bond, and a percentage stays with this company. The company shares risk in that they are liable for any bonds written by the bail bond agents, but all bonds are collateralized with either real estate or cash. The field agents (approximately 60) are long term relationships and should easily transfer to the new owner, as not much will change at point of sale of the company. The Office Manager has agreed to stay on (she currently runs the daily operations) and Seller will stay on as long as needed for a smooth transition.
This company currently writes about $42,000,000 annually in Bail Bonds. They are the 2nd largest local insurance producer in the market with 18 years history.
Click Here To Contact Seller
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