Category:
ST10101 - Professional
Location:
Northern California - Central Valley
Business Description:
This independent insurance broker has a strong repeat clientele focused on the Spanish speaking community. The revenue is 100% commission-based comprised of mostly non-standard auto insurance. Broker does also represent other types of property, casualty, and business insurance. Commission revenue has grown each year and was almost $170K in 2018. Owner is retiring from the insurance business. A California Insurance Broker's License or at least 2 years experience as a licensed agent (to obtain one) will be required. The ability to serve clients face to face in Stockton, CA in both English and Spanish will also be necessary. This is a very profitable line of business that can easily be serviced with the help of one Customer Service Agent. However, the office has often been run solely by the owner.
12 Months Ending
12/31/2018
$169,324
(Sales)
$96,733
(Adjusted Cash Flow)
12 Months Ending
12/31/1947
$145,479
(Sales)
$68,809
(Adjusted Cash Flow)
12 Months Ending
12/31/2016
$124,936
(Sales)
$54,463
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 0 | 1 |
| Owners | 1 | 0 |
Hours of Operation
9AM-6PM
Licenses Required:
Monthly Rent Including NNN:
$1,831
Expires:
10/31/2020
Option:
No
Size(sq.ft.):
1,080
Type of Organization:
Sole Prop
Reason for Sale:
Selling Book of Business
Training:
4 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.