Buyer’s remorse is something we all want to avoid. When you’re investing hundreds of thousands or millions into a high-level opportunity like an independent insurance agency, the stakes are even higher. Today we’re sharing tried-and-true tips on how to avoid…
When it comes to insurance agency sales, owners naturally want to secure a top bid. Therefore, focusing on agency profitability is key. Two comparable agencies with similar contracts/carriers can sell for wildly different prices based on their profitability. Increasing sales…
When selling any business, timing is key. To maximize your potential profit, selling your agency in a strong market is always ideal. Predicting recessions is tricky, but here are some facts: The US has seen 12 recessions from 1945 to…
The private insurance market has a blind spot. Owners and agents are aging, but fewer than half have a perpetuation plan in place. The following 5 Keys to Successful Perpetuation Planning will help you create a plan that will facilitate…
Most small business owners consider selling their ventures at least twice in their first decade of operation, and challenging fields like insurance are no exception to the rule. If you’re trying to determine whether this is the right time to…
Over the past several years, demand for insurance agencies has been growing steadily. While this is excellent news for would-be sellers, buyers must find the right balance between scrambling to place a competitive offer quickly and doing their due diligence….
Once you have decided to move forward with selling your insurance agency, it can seem like the most difficult part of the process is finding a qualified buyer. However, you may find that negotiations are often where the challenge truly…
There are many different reasons why insurance agency owners may choose to sell a successful business, which means there are also an equal number of potential Merger and Acquisition (M&A) strategies. Simply wanting to leave the industry or to focus…
When exploring your options for selling your business, it’s important to think about how the sale will impact different stakeholders in your company. Your dedicated team has helped you make your business the success that it is today. The…
After a long and successful career, many owners of independent insurance agencies decide they want to sell their business. Changing life circumstances like retirement or health issues and shifts in business interests can affect an owner’s desire to sell….