We urge you to act quickly if you are interested in any of the below opportunities. They are all really strong insurance agencies for sale in great locations and we anticipate that they will move fast.
Ask anyone who is in the business of investing in insurance agencies and they’ll tell you their number one hurdle is finding healthy agencies that are listed for sale. When you work with Springtree Group, you’ll be among the very first to know when a new insurance agency becomes “for sale.” Our expansive networks keep our buyers up-to-date on listings at all times.
For our full list of agencies, please reach out to us at service@springtreegroup.com. The following four listings are just a small sample of the most recent agencies we have information about.
Agency #1: Texas. This is a P&C carve-out located west of San Antonio. The buyer will have the option to continue at the current location or run the business virtually. The location gets no walk-in traffic and has no employees. Carriers include Progressive, Dairyland, State Auto, Germania and Allstate.
Reported Revenue: $153K / Asking Price: $421K / Tracking Code: STXHK
Agency #2: Colorado. This 100% commercial, virtual, niche P&C book is now for sale. Please note that this is a book of business sale only – no expenses. The primary focus of this book is non-emergency medical transportation. All the business is written with National Continental (Progressive). There is no overhead or expenses.
Reported Revenue: $118K ($62K E&S Fees) / PIF 109 / WAP $1.1MM / Asking Price: 1.9X of commissions, 1X of Fees / Tracking Code: SCORM
Agency #3: Illinois. This independent P&C insurance agency was founded well over 60 years ago but is still a locally owned and operated family business. There is some commercial business in this book but it is mostly (95%) personal lines. Primary markets include Pekin Insurance, Madison Mutual, Travelers, Mercury, Founders Insurance, First Chicago and more.
Reported Revenue: $304K / Asking Price: 1.99X of Revenue / Tracking Code: DILTB
Agency #4: Texas. A 50-year-old independent P&C agency is now available for sale in Texas. This organization serves the insurance needs of over 1200 individual and business customers in the Houston metro area. The primary carriers include: Progressive, Texas Mutual, Bankers, Right Flood and more.
Reported Revenue: $70K / Asking Price: 1.5X / Tracking Code: DTXWJ
