Insurance Agencies for Sale

Call Now for the Most Recent Listings – (972) 395-8811

agency for saleOur Texas buyers have expressed a strong demand for us to provide an overview of what insurance agencies for sale we show as currently available in Texas at this time. As is normally the case, we support and work for you the buyer. To this end, Springtree Group has put together a special listing of notifications for insurance agency availability for sale across the state. We have eliminated any that we know are under contract and have a few that are specifically pocket listings for which the sellers have asked us not to broadly communicate the availability.

The blog links here below represent a small sampling of the numerous listings for Texas-based insurance agencies currently available as well as some helpful information regarding buying and selling agencies. For more information, please contact Springtree Group at 972.395.8811. We look forward to working with you.

Independent Agency Sales Alerts – May 2017 Edition

22.05.2017 / by editor / 0 comments

Private Equity money continues to pour into the insurance space. Primarily because of this significant PE activity in the insurance M&A marketplace, acquisition values are at all time highs. In this competitive acquisition market, it takes a concentrated mix of tactics and quick reflexes to develop adequate deal flow. The listings below are a sample of some of the new independents discovered through our research during the last 30 days.

Should you buy a book of business?

Why Buy a Book of Business?

18.05.2017 / by editor / 0 comments

If you dream of running your own insurance agency, you can follow various paths to make the vision a reality. You could start from scratch and build your client base, purchase an established agency, or purchase a book of business. The latter option often provides an easy point of entry for brokers who are just starting out, as well as a cost-effective option for those who want to expand an existing agency quickly.

Exit Your Insurance Agency Gracefully

A good business exit strategy can take years to come together, because businesses are the least liquid investment you can make. Much of the value of your insurance agency resides in intangible elements, like your relationships with vendors and clients, your ability to manage employees, your attention to detail, and your vision for the future. If you are considering selling your insurance agency, you need a great exit strategy to ensure that you get the full value of your business.

Important Tips for Insurance Agency Sales

It’s a reality that there is simply a much higher demand from buyers looking to purchase insurance agencies than there are insurance agencies for sale. This is obviously great news for anyone who is currently looking to sell their agency and get out of the business or retire. However, for those who are interested in making insurance their profession, it’s a bit of a challenge and knowing where to look is key.

Most of the buyers who are searching for the right insurance agency to purchase are looking for certain qualities in an agency. Naturally, potential buyers want to land an agency that has been fiscally successful with a good, solid stream of revenue. Agencies that offer a wide variety of products and/or services are in demand.

Many of today’s potential buyers are already involved with finance in some capacity in their current profession, and they have realized that the insurance industry can be a lucrative career choice. Of course, it is extremely important that anyone who is considering purchasing an insurance agency be acutely aware of the details surrounding the sale of any agency. There are important questions one must ask to be sure that buying an insurance agency is the right move.

  • Why is the current owner selling? It is vital that buyers get real answers from the current owners about why they are choosing to sell. Many times, it is a legitimate reason like a desire to move upward, to retire, or perhaps to make a geographic relocation. Sometimes, though, there may be hidden financial troubles that led to the sale of the agency. Do some digging now so you won’t regret your decision later.
  • What is the company’s current advertising strategy? Making connections now with any advertisers or marketers who have worked with the company in the past will save the new buyer a lot of energy, time and, potentially, money down the road.
  • Is there room for the agency to grow? Depending on the new buyer’s financial goals and aspirations for his or her new insurance agency, it’s important to have a good handle on the agency’s potential for growth in the future. This involves doing some research into the customer base and previous customer satisfaction with the agency’s services.
  • What are the agency’s lease terms? Pay careful attention to the exact location of the agency in question as well as the terms of its current lease. Make sure you can afford to maintain the lease at the current location, because moving your new agency can be one of the quickest ways to lose what customer base you already have.

In addition to the factors listed above, if at all possible, get to know the staff before purchasing an insurance agency. Find out what kind of employee retention rate you can expect and try to get a good feel for how well the current staff works together. If you have to bring in all new employees when you make the purchase, it could cause a significant disruption and could cost you a significant number of customers.

We are happy to recommend business resources for insurance agencies and brokerages seeking agency funding, sales & marketing support, legal counsel, and other information to support the success of their firm. To discuss your agency needs, please call us at 972.395.8811 or contact us online. We look forward to assisting you in growing your independent agency or brokerage firm.