Springtree Group works diligently to provide our clients with confidential listings of independent brokerages and insurance agencies for sale. Below are sample listings from the most recent month’s report. Continuing this month is the slow activity in the State of Florida. Sell side brokers tell us that due to Florida’s DOI approval of a 40% to 65% property rate increase, many sellers are waiting for their revenue to increase before going on the market.
Buyers often find it difficult to find qualified opportunities, since sellers may be hesitant to promote their listing due to the potentially negative impact on markets, employees and clients. We communicate regularly with our network of more than 4,700 business intermediaries to provide seller leads. The group below is only a small sample of the complete list. For more information, please call Springtree Group at 972.395.8811.
SHOP A: Riverside County, California — $104K Revenue / $195K asking price. This is a P&C commercial book that has not been cross sold. A good bolt on opportunity. Long term clients consisting of mostly commercial contractors. Established in 2003. Owner retiring.
SHOP C: Avondale, Arizona — Asking Price $125K / Net revenue $65K 30 year old independent agency with direct appointments with Progressive, Travelers, Mendota and Infinity. 75% Non-Standard.
SHOP F: Orlando, Florida — Multi lines operation with Auto, Home and Commercial $220K Revenue / Asking $425K.
SHOP H: Philadelphia, Pennsylvania — Revenues $880K / Asking open. Auto insurance along with providing auto related services including title transfer, new plates, and notary public services. 12% annual growth. Three FTE without the owner.
SHOP L: Farmington, New Mexico — Asking $125K / Revenue $100K recent asking price reduction. 11 year old independent agency with preferred direct appointments. Owner Is Retiring. P&C is 75% of the business split between Personal Lines and Commercial with Health insurance amounting to 25% of the business.
Being associated with STG provides you access to the strongest array of financial tools and services available to support you with acquisition, perpetuation and operational needs in any part of the U.S. Please call us at 972.395.8811 for additional information on our services and the opportunities we have available.
