4-Insurance agency in Broward, Florida for sale
Auto Insurance business est. 16 years. Over $230k in commissions Majority of business is auto dealership car sales. Business did over $350k in sales in 2007. Sales are picking up and you have opportunity to cross sell homeowners and other product lines. Appointed with Travelers, Progressive and 10 additional carriers. Priced to sell at $199k..less than 1 times book value. Owner wants to move back to California with family.
| Data Source | Annualized | ||||
| Year (Cash Flow) | 2010 (N) | (N) | (N) | ||
| Gross Revenue | 230,000 | 0 | 0 | ||
| Cost of Goods | 0 | 0 | 0 | ||
| Gross Profit | 230,000 | 0 | 0 | ||
| Expenses | 101,500 | 0 | 0 | ||
| Net | 128,500 | 0 | 0 | ||
| Owner Salary | 0 | 0 | 0 | ||
| Benefits | 0 | 0 | 0 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 0 | 0 | 0 | ||
| Other | 0 | 0 | 0 | ||
| Owner Benefit | 128,500 | 0 | 0 |
Asking price: $190,000
For more information, contact UR-COUSIN Emile Farah at the following: 305-754-1000 or send an e-mail to farah@farahreacquisitions.com
