10 Year Old Insurance Agency In Van Nuys For Sale

Business description

Stress from running a construction business and an insurance agency at the same time forces the sale of the lower-income business or this would never be offered on the marketplace. Established agency with loyal 80% approx. Hispanic clientele, it is highly advised that Spanish-speaking CSR or owner operator is available at all times. Unitrin is largest carrier with business, but the appointment was lost due to high loss ratio, about 120, the rest of the carriers have loss ratios in the 30's approximately from reports from Seller. Top carriers also include Bristol West, Reliant, and Access. 70% Auto, Health, Home and Commercial are the balance at 10% each of revenues. Broker fees average about 40,000 per year, with the renewal commissions from the carriers at 75,000 per year. NDA is required for exact business ID and to set an appointment to meet the Seller and view the premises.

General Information

Facilities: Office leased in retail plaza with plenty of parking. Business IS dependent on space, so is not especially portable unless you are very local to the area.

Support/Training: 3 weeks, 30 hours per week.

Reason Selling: Health reasons.

Year Established: 2000

Employees: 1.

Property information

Real Estate:

Lease