Can you believe it’s already time for the second Insurance Sales Alert of 2020? Buyers, you have shown consistent enthusiasm regarding the positive impact your organizations have experienced by acting on our prime buying opportunities. Usually, more than one of the following four critical motivations is cited:
- Gaining critical mass, adding to commissions, and bonuses with their local markets.
- Back-filling unavoidable growth gaps while adding insurance markets
- Entering new market territories
- Optimized operating efficiency and use of specialized resources
Some of our methods for locating prime investment opportunities for our clients include targeting broken financing deals, performing functional telemarketing activities, and maximizing our outreach research efforts. We have an impressive pipeline that is enhanced by an extensive network of attorneys, consultants, CPAs, DOIs, PEGs, and bankers. We are also regularly contacted by motivated sellers themselves because they know that we facilitate deals quickly.
If, among our highlighted agencies, you should find one that speaks to you, reach out to us ASAP and make your interest known. Buying your own insurance business is a time-consuming process; if you feel ready to jump into the world of insurance, Springtree Group will aid you in making the experience as streamlined as possible.
What follows is our selection of highlighted insurance agencies for sale for the month of February. To obtain our complete list of agencies on the market (no strings attached) simply email us at service@springtreegroup.com to let us know you’re interested in becoming a Springtree Group Registered Buyer.
SHOP A: Ohio. This business represents a virtual book that is licensed across all 50 states. The largest percentage of their clients are located in NJ, FL, TX, and OH. Their business is 98% commercial lines, and earns ~ $730K WAP. Primary carriers include Liberty Mutual, The Hartford, Hiscox, and others. The agency is manged by the Tec Canary system (recently purchased by Applied Systems) and currently holds 536 PIF.
Reported Revenue: $82K. Asking Price: 2.5X. Website and domain rights included. Tracking code: SOHMC
SHOP B: South Carolina. This agency commenced with the acquisition of the books of two businesses. No members of staff are currently employed. The agency’s primary focus is P&C Business, but brokerage business represents a fraction of their earnings. Currently, direct appointments are held through Safeco, Progressive, and others. Less than 10% of all clients are earned via walk-in traffic; long-term clients represent the majority of the book.
Reported Revenue: $106K. Asking Price: $212K. Tracking code: SSCCM
SHOP D: Texas. This highly-desirable P&C agency (general lines only) is located in the Texas Panhandle. The agency’s book is split between personal and commercial lines. The agency writes business for B&H, Safeco, Specialty, and others. 2 employees work part-time currently, each with 3 years of experience with this agency.
Reported Revenue: $55K. Asking Price: 2.5X. Tracking code: DTXD
Springtree Group boasts a very large, in-house financing practice. Failed or “botched” financing deals are still the number one cause of stymied transitions in the insurance industry. Should you require financing, we highly recommend relying on our lenders. Your cost will remain the same, your work load will be significantly reduced, and your chances of successfully closing on your deal will be greatly increased.
Your association with Springtree Group connects you with our insider information about insurance agencies for sale and gives you access to our unparalleled array of financial tools and M&A services. We look forward to supporting your acquisition, perpetuation, and operational endeavors! To learn more, please email service@springtreegroup.com.
