S262 – Captive Insurance Agency in San Antoni

Insurance Agency (captive) in San Antonio

Location
City San Antonio
State Texas
County Bexar

Financial Information
Asking Price $250,000 Show Loan Calculator
Down Payment $37,500
Annual Receipts $1,246,000
Cash Flow $82,000

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 1,000 policies in place, the business generated over $130K in commissions last year with an 86% retention rate (percent of customers renewing each year). 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. You should have or be willing to obtain P&C, and Group-1 Life & Health licenses. Manager in place that has solicitors license. This individual has been with the business over twelve years and is an integral part of the business practice. Manager would like to stay on with the new owner. 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 20% 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 and Health Issues
Franchise No
Home Based No
Relocatable No
Year Established 1981
Year Acquired 1981
Employees 1

Building Information
Building Sq. Footage 750
Monthly Rent $950
Real Estate Available No

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