Insurance Claims Services Business In Texas For Sale

Business description

The Company, founded in the late 1980’s, serves the insurance industry of a major Metropolitan area in Texas. Working with numerous insurance companies, it provides claims adjusting and settlement assistance. Areas of expertise include, without limitation, death claims, casualty claims, property loss (commercial and residential), liability claims, workers compensation claims, and contractor claims. Still under original ownership after more than 20 years, the Company has established a strong reputation in the marketplace. It boasts an excellent record in successful settlements for its clients. The high performance rate has generated steady growth for the Company. In the four-year period from 2007 to 2010, revenues doubled from $520,000 to $1,040,000.

Property information

Location:

The company is located within a major metropolitan area in Texas.

Premises details:

The facilities are located in a single-story office complex in a corporate business park. The Company leases two office suites that total approximately 1,800 square feet.

Other information

Expansion potential:

An effective growth strategy could include hiring additional adjusters and marketing to reach new customers. This would also help to diversify the Company’s customer base. A key component of the marketing campaign will be the development of a well-designed company website and Internet optimization.

Competition / Market:

The Company has established a solid position in the marketplace. It is larger than most of its local competitors. Smaller independent adjusters, often just solo practices, struggle to succeed in this industry

Reasons for selling:

Retirement