S274 - Insurance Agency in San Antonio

Insurance Agency in San Antonio

Location

City San Antonio
State Texas
County Bexar

Financial Information

Asking Price $850,000 Show Loan Calculator
Down Payment $90,000
Annual Receipts $3,000,000
Cash Flow $308,000

General Information

Description Established agency providing services to the North Central San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,600 policies in place, the business generated over $308K in commissions last year with an 88% retention rate. This is a perfect opportunity for someone to get into the insurance industry or if relocating this is an excellent book of business to build from. About 3% of the existing customer base is Spanish speaking. You should have or be willing to obtain P&C, and Group-1 Life & Health licenses as was as SEC Series 6 & 63 licenses. Currently securities (SEC regulated investments) are provided by an outside financial specialist. Opportunity to grow the book of business by new owner obtaining Series 6 & 63 licenses. Some Seller financing Available. Business could be acquired with as little as 10% down. The owner is retiring and is willing to train the new owner for a smooth transition. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Bob Howells at 210-348-8989 or info@bbofsa.com.
Reason For Sale Retirement
Franchise No
Home Based No
Relocatable No
Year Established 1992
Year Acquired 1992
Employees 2

Building Information

Building Sq. Footage 1,030
Monthly Rent $1,051
Real Estate Available No

Contact Business Brokers of San Antonio for more information.