Branded Insurance Brokerage in Queens County, NY - 33083 Business Type: agents/brokers,misc. servicel/non-classifiable,other business services,other personal services,insurance companies
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $850,000 | Down Payment | $850,000 |
| Gross Revenues | $4,300,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $400,000 | Number of FT Employees | Register Free to View |
Financing
$850,000 Down and
Business Description
Major Brand Insurance Brokerage in the NY Metro Area
Auto, home owners, property and casualty, renters, limited commercial lines, etc.
Agency generates over $4,500,000 in premiums
including $500k in expanded market premiums (nets $50k).
Over 90% retention and 48% loss ratio. Runs semi absentee.
Excellent staff will remain. In January 2020, new business
commissions will jump to 25%. 3 FT employees can all write
policies. Agency Commissions $550k-$600k. Owner seeks a
financially qualified buyer with industry experience. Call Broker
Joseph Stansky for more details.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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- Absentee business
- Accounting/payroll/tax
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- Agents/brokers
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- Apparel and accessory store
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