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Business for Sale Summary

Major Brand Insurance Brokerage - NY METRO - 30947

Business Type: accounting/payroll/tax ,agents/brokers,banking, lending, and finance,other personal services,professional services,best deals!,new to market,insurance companies
Major Brand Insurance Brokerage - NY METRO
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Financial Information (non-confidential)

General Information
Asking Price $375,000 Down Payment $375,000
Gross Revenues $1,350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $190,000 Number of FT Employees Register Free to View

Financing

$375,000 Down and None.

Business Description

Major Brand Insurance Brokerage - NY METRO. This brokerage specializes in auto insurance. The owner is looking to move out of state for family reasons. The current owner took over 2 years ago and grew the business from $850K in gross commissions in 2016 to over $1,350,000 in 2017. In the past year the book of business generated approx. $1,350,000 in annual commissions with a net cash flow of approx. $190,000.00 (includes an additional $300K book of national general with a $25K annual residual). The sale price includes a 900 sf office space and a staff of 2. Office rent is only $3,500/mth. with 8 yrs. remaining on the current lease. We are seeking a serious and financially qualified buyer with some industry experience. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE MADE BY APPOINTMENT ONLY.

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. PM

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.