Growing Independent Full Consultation Insurance Agency

Southwest US
Business Services
Client Code: BN000043790
Revenue (TTM): $3,161,944
EBITDA (TTM): $1,033,322

The agency is a full-service independent property and casualty (P&C) insurance broker, providing exceptional insurance consultation on offerings from 24 separate carriers. The agency specializes in the advisory and provision of personal insurance lines and coverages to a discerning client base.

Key Aspects

Key Aspects

· Strong reputation for white-glove insurance services

· Licensed to insure in Arizona, Colorado, Minnesota, and North Dakota

· 24 insurance carriers with an average commission percentage of 13.9% per new policy sale

· Existing client-base of 4,550 individuals

· Established & proven referral and lead generation system

· Five licensed life insurance agents on staff

· Revenue CAGR of 20.1% from FY 2019 to FY 2021

· 97% of agency revenue is from automatic policy renewals

Opportunities

Opportunities

· New business generation increases 15% per each new effective sales employee hire, according to ownership

· Relocatable, with capability of fully remote operations

· Expand insurance licensing & presence to neighboring states

· Hire a commercial insurance agent to specialize in commercial insurance sales

· Leverage life insurance licensed agents to focus efforts on more lucrative life insurance policies

· Broaden target client criteria to increase sales

· Leverage online marketing and advertising to increase brand reputation and awareness

Headquartered

Headquartered

· Colorado, U.S.

Current Markets

Current Markets

· The agency provides P&C insurance to clients in Arizona, Colorado, Minnesota, and North Dakota. The agency's target market includes individuals between the ages of 35 and 50 with total incomes greater than $100,000.

Real Estate

Real Estate

· Although the business operates from a 5,760 square foot facility, ownership contends that operations can be done on a 100% remote basis.