Independent P&C Insurance Agency with Proprietary Technology

Asset Sale Description

Revenue Breakdown:

Total Revenue: $200,000+
Personal Lines: 80%
Commercial Lines: 20%

Business Highlights:

Proprietary Technology: Our agency includes a custom-built mobile app, available on both the Apple Store and Google Play Store, along with an agency management system that seamlessly integrates with our app and client website portal. These tools enhance client interaction and streamline agency operations.

Tech Development: With over 4 years of use, our mobile app and management system have proven their reliability and effectiveness. The system is scalable to run multiple locations, making it an ideal solution for larger agencies looking to save on monthly operational costs.

Client Access Portal: Clients can easily access their insurance details, request quotes, and manage their policies through our secure website portal, enhancing customer satisfaction and retention.

Extensive Carrier Network: Our agency holds direct appointments with over 65 carriers, including prominent names like Progressive, Kemper, Infinity, Foremost, National General, and Hiscox. This extensive network is a valuable asset, especially since many carriers do not offer new agency appointments in Texas.

Market Presence: Established in 2014, our agency has built a solid reputation in the insurance market. Pre-pandemic, the business was generating over $18k monthly in gross income, not including agency fees and commissions, showcasing its potential for revenue recovery and growth.

Turnkey Operation: The sale includes the book of business, the proprietary management system, and mobile app, providing a comprehensive package for the buyer to continue and expand operations seamlessly. Additionally, we offer assistance in making changes to the app & management system during the first year of sale, with the buyer covering the associated expenses.

Additional Features:

Loyal Customer Base: With a strong retention rate and a majority of clients being Spanish-speaking, the agency caters to a diverse clientele.

Revenue Growth Potential: The combination of a loyal customer base and advanced technological tools offers significant opportunities for growth and cross-selling additional insurance products.

No Staff or Office Location Included: This sale focuses solely on the book of business and the technology, allowing the buyer the flexibility to integrate these assets into their existing operations or start afresh.

Revenue Multiplier: Priced at 2.5x revenue, this agency offers excellent value for a buyer looking to invest in a technologically advanced and well-established insurance business.