Our research staff has flagged four outstanding opportunities for this month’s Off Cycle Sales Alert. We know these are going to go fast, so we couldn’t wait until September’s alert to share them with you. Please act quickly by contacting us right away if you are interested.
Due to the intricacies of the market, it can be difficult to snag healthy agencies off the market. However, by allying yourself with us, you’ll gain access to our extensive network. While we do share certain listings with the public, only our members are given access to our full catalog.
The following four agencies are currently available.
Philadelphia Metro: This independent agency has been thriving for five years, has grown to more than $7MM WAP. The agency’s primary focus is group and individual health insurance, though they have recently begun to offer P&C and life insurance policies. Their lines are 50% personal, 50% commercial with four employees. Markets include: Liberty Mutual, Progressive. BCBS, Safeco, All Risk and Commonwealth.
Reported Revenue $523K / Asking Price 2.5X of Revenue. Tracking Code DPAEG
DFW Metroplex, Texas: This metropolitan agency is a solid personal lines shop located in the very desirable Dallas/Fort Worth metroplex. The agency has two part-time customer service representatives and one full-time producer. Markets include: Progressive, Falcon, Infinity, Kemper, and more. The book is divided – 30% Standard; 70% Non-Standard.
Reported Revenue $168K (includes $23K in fees) / Asking Price 1.64X of Revenue. Tracking Code STXRV
Charlotte, North Carolina: This agency presents the rare opportunity to own and operate an independent, fully established P&C in the heart of beautiful Charlotte, North Carolina. This agency’s portfolio is divided into 70% Non-Standard lines, 15% Standard lines, and 15% Commercial lines. The agency is 100% direct billing with an 85% retention rate. Top carriers include National General, Universal P&C, Progressive, and others.
Reported Revenue $110K / Asking Price $220K. Tracking Code EHNCRT
Maryland / DC Metro: This independent P&C shop is a brand new listing. Established in 2011 and based in Maryland, this agency services the VA, MD, and Washington, DC marketplace. Specializing in personal lines as well as residential and auto protection, this agency is currently part of TWFG. Markets include: ASI, Progressive, Travelers, Safeco, and more.
Reported TTM Revenue $135K / Asking Price 2x Total Revenue. Tracking Code SMDLL
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