S260 – Captive Insurance Agency in San Antoni

Captive Insurance Agency in San Antonio

Location
City San Antonio
State Texas
County Bexar

Financial Information
Asking Price $600,000 Show Loan Calculator
Down Payment $60,000
Annual Receipts $2,019,000
Cash Flow $158,000

General Information
Description Established agency providing services to the Western San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,500 policies in place, the business generated over $210K in commissions last year with an 81% 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 15% of the existing customer base is Spanish speaking. You should have or be willing to obtain P&C, and Group-1 Life & Health 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 1980s
Year Acquired 1980s
Employees 1 FT/1PT

Building Information
Building Sq. Footage 850
Monthly Rent $1,057
Real Estate Available No

Contact Business Brokers of San Antonio for more information.