Western Finger Lakes, NY
Tenured loyal book of business with 50 plus years of ownership between all owners. Low overhead, great retention at 88%, loss ratio 40% there is so much opportunity within the book and beyond!
Asking Price
$975,000
Financial Overview
Asking Price
$975,000
Annual Revenue
$450,000
Agency Earned Premium
$4,568,000
Annual Expenses
$80,000
Policies in Force
2,743
Retention Ratio
88.2%
Loss Ratio
37%
Agency Description
Tenured loyal book of business with 50 plus years of ownership between all owners looking for a great owner to keep then legacy going! With low overhead, great retention at 88%, loss ratio 40% there is so much oppurtunity within the book and beyond! Great size book with cash flow that will put the new owner on his or her feet up and running day one. This consistent cash flow provides a reliable financial foundation for the buyer to build upon, reduce risk or reinvest in growth! With an established customer base the new owner will be able use existing relationship and market presence to build new business!
Office Space
Existing office location includes 3 separate offices and reception area, approximately 1050 square feet. $1500/month on a year to year lease.
Staff & Team
1 Long-Term Tenured Staff - Customer Services
Interested in this agency?
Fill out the form below and we'll get back to you shortly.