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Sell-Side Engagements

The following prospective companies have hired us to sell their insurance agency or brokerage.  If you have an interest in discussing any of these, please contact our Florida office at (321) 255-1309 and ask to speak with Michael Mensch.  Once we disclose an interested party, you can expect to obtain a 10-30 page confidential summary of the agency that will provide insight into the history, operations and financials of the company. 
 

Lee County P&C Agency (Now Available)
The prospect company is a standard personal lines property and casualty agency in the Fort Myers area. The agency has been in business for over two decades, currently has over 1,600 policies-in-force and obtains roughly 80% of its new business from customer referrals alone. The office operates on QQ Solutions management software. The office if located in a professional complex with a month-to-month lease at a rate of $1,200 per month. The owner is selling for retirement and has trained the staff to handle much of the day-to-day business.

More than half of the book of business is placed with one “A+” AM Best rated carrier, and more than 80% is written through the top three carriers/brokers. The agency is appointed with over a dozen home and auto insurance companies including Allied, Citizens, Security First, Tower Hill, Travelers and Universal P&C.

The acquisition is ideal for an agency that can merge this book into an existing office, or for an agency seeking a satellite office in the Fort Myers area.

Please contact our Florida office for further details. Third party financing is available for qualified parties. Prospective buyers will be required to sign a confidentiality agreement and complete a personal or company financial statement prior to any further information being disclosed. Buyer will need in excess of $80k in cash and will be provided with a 15 page executive summary once approved.

Orlando Franchised P&C Agency
The prospect company is a growing, Latin-based, franchised property and casualty agency serving Orlando, FL.  The agency was established in 2009 and is currently writing 80-100 new policies per month with very little marketing.  Most of the new business is coming in from referrals of customers and from an increase in brand recognition. The agency is located in a well-designed office on a major road. The franchisor provides excellent training and support, and offers many appointments as well as an array of ancillary fee-based services as additional profit centers.

The agency is projecting $125k in revenue for 2011 with a net of $68k.  Through additional marketing and expansion of the brand awareness, this agency should easily be able to exceed $300k in revenue while maintaining a strong profit margin. The sale includes a logo wrapped vehicle and a variety of other marketing materials.

The seller will stay on to train a buyer before moving out of area to be near family.  This is a great opportunity for an agent to purchase a profitable and growing agency that is part of a great franchise model.

Please contact our Florida office for further details. Third party and seller financing is available for qualified parties. Prospective buyers will be required to sign a confidentiality agreement and complete a personal or company financial statement prior to any further information being disclosed.  Buyer will need in excess of $90k in cash and will be provided with a 10 page executive summary once approved.


Miami/Dade County P&C Agency - Under Contract
The prospect company is an established property and casualty agency serving Miami/Dade County, FL.  The agency has roughly 3,600 policies which are divided 60% homeowners, 15% general liability, 10% commercial property, 10% auto and 5% miscellaneous coverage.  Over 75% of revenue is from Citizens, USI Brokers (servicing Lloyds of London), Universal P&C, and American Bankers.  The office has three employees that function in sales, service and bookkeeping roles.  The office lease is currently month-to-month.  The agency's client base is mostly middle income residents of North Miami.  The owner is selling for retirement.  This is a great opportunity to acquire a property-based agency in a market that is undergoing significant rate increases. 

*Year-to-date revenue is up >6% from prior period of last year.  

Please contact our Florida office for further details. Prospective buyers will be required to sign a confidentiality agreement and complete a personal or company financial statement prior to any further information being disclosed.  Buyer will need in excess of $150k in cash and will be provided with a 15 page executive summary once approved.  

Buy-Side Engagements

The following parties have hired our firm to locate agencies for them to acquire.  Please note that in these cases the buyer will pay our fee if they buy your agency so our time and efforts do not cost you anything.  If you have an interest in discussing the sale of your agency to one of our buyer clients, please contact our Florida office at (321) 255-1309 and ask to speak with Michael Mensch.