$1.8M Life Insurance Book of Business

FINANCIAL INFORMATION
  • Asking Price: $225,000.00
  • EBITDA: $123,590.00
  • Gross Revenue: $125,000.00
  • Cash Flow: $123,590.00
  • FF & E:
  • Inventory: Book of Business – 1.8M
  • Financing: No
BUSINESS LOCATION

Georgia

DESCRIPTION

This Life Insurance Book of Business began in 2019, just before the onset of the pandemic. The book of business offers a prime opportunity for individuals or agencies seeking a stable client base and strong revenue. With an impressive 99% client retention rate and the added advantage of remote operations, it's also a strategic fit for agencies looking to expand their business portfolio. Along with an appointment from the carrier, licenses in Georgia, Florida, Michigan, and Pennsylvania are necessary to continue serving the books active clients. The current broker is committed to facilitating a seamless transition for a new owner.

INVESTMENT HIGHLIGHTS:
  • Recurring Revenue: Approximately $115,000 in recurring revenue annually.
  • 2024 Expected Commission: $221,000 in commission revenue expected in 2024, without adding any new policies to the book. 
  • Client Retention: A remarkable 99% retention rate reflects satisfied and loyal customer
GROWTH OPPORTUNITIES:
  • Marketing 
    • Establish Online Presence The broker currently relies 100% on word-of-mouth referrals to gain new business, and while this has been a successful approach, a new owner could speed the growth of the business by establishing a strong online presence through a professional website, social media, and online advertising to reach a wider audience.
    • Implement Digital Marketing - By investing in digital marketing strategies like email marketing, content creation, and search engine optimization (SEO), the book might attract online leads generating increased revenue.
  • Diversify Product Offering
    • Expanding the range of insurance products offered, such as adding health, property, and/or auto to appeal to the current clientele and invite new clientele to expand the book of business.
    Hire Agents
    • Increasing the capacity to serve additional clients by adding agents should yield more policies and grow revenue exponentially.

REASON FOR SALE

 Seller has another business he would like to operate full-time.

FACILITIES

Can be operated remotely from anywhere.

Details

  • Home Based: Yes
  • Franchise: No
  • Distressed: No
  • Relocatable: Yes
  • Year Established: 2019
  • Year Acquired: N/A
  • Willing To Train: Seller is willing to train new owner for a smooth transition.
  • Real State Available: No
  • Is Property Leased: No
  • Real Estate Included: No
  • Is Management Staying: No
  • Days Open: Monday - Friday
  • Hours Open: As Needed
  • Part Time Employees: 1, owner
  • Listing Id: SA1669

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