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Business for Sale Summary

Major Brand Insurance Brokerage-Richmond County NY - 30724

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

General Information
Asking Price $899,000 Down Payment $899,000
Gross Revenues $3,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $185,000 Number of FT Employees Register Free to View

Financing

$899,000 Down and POSSIBLE FOR A WELL QUALIFIED BUYER.

Business Description

Major brand insurance brokerage for sale in the NY Metro area. This brokerage book of business has been growing since its inception, 15 years ago. The current owner took over seven years ago, and is now ready to sell, as he is moving out of state. The brokerage specializes in auto, home, life insurance and investments. Auto and home make up approx. 92% of the current business. In the past year, the book of business generated approx. $3,400,000 in annual commissions. The owner's gross income was approx. $340,000.00. After paying all overhead, the owner's net was approx. $185K. The sale price includes a 900 sq. ft. office space and a staff of three. Office is only $2,500/month with a lease that can be extended. 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. kg

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.