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NOTE: Yes, it is still available. If interested, please schedule a call to discuss further: https://calendly.com/christian-zarama/15min

Asking Price: $1,000,000.00

2023 Gross Revenue: $964,193.00

2023 Net Profit: $221,681.00

Business Summary:

With over 35 years of expertise in Errors & Omissions Insurance (E&O) and newly created cyber liability insurance, this established insurance brokerage offers unparalleled protection for real estate and related professionals against claims arising from negligence or breach of contract. Operating on a national scale, the business ensures comprehensive coverage for companies and agents across the country. Its robust partnerships with top-rated E&O programs enable the submission of clients' risks to A-rated carriers in the marketplace. Currently managing approximately 200 accounts, this company presents a remarkable opportunity for those looking to enter the insurance industry or for established insurance firms aiming to expand their portfolio amidst the growing requirement for E&O coverage, and affording substantial opportunity for cross-marketing.

Business Details:

• Owner Operated
• Business has been in place for over 35 years.
• Nationally Licensed (any new owner would need licenses to operate in any state business is being conducted).
• Approximately 200 accounts, which is recurring revenue and a book of business.
• The only expenses on the business are the costs of premiums paid, phone, and internet.

Growth Opportunities:

• Expansion for an existing insurance agency/brokerage to acquire a book of business.
• New Buyer can cross sell and upsell their current book of business.

Reason for Selling:

The seller is approaching 80 years old and is ready to retire.