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For Sale: Largest Producing Agency of Individual Health Insurance - State Wide

189/wk
Manchester, Missouri, United States
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Asking Price$700,000
Revenue$500,000 Established2006
Cash Flow$300,000 Employees2 full-time
FF&E$25,000* FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
No other agency in the State comes even close to the volume of business we produce. We have all of the top contracts and "extra incentives" from the major carriers; most of which aren't even offered to other agencies. We are the top producer for companies such as Anthem Blue Cross and GHP. We are the only Premier Partner, state-wide, with Anthem Blue Cross for individual health insurance sales. 75% of policy sales are generated through referrals calling into the agency. As our focus is solely on individual health insurance sales, there is a vast opportunity for cross-sales to the agency client base such as life insurance, P&C, disability, annuities, etc. We own one of the best vanity phone numbers for insurance sales, we run television commercials, have a high-profile presence on a highly trafficked street in the greater St. Louis area, and we continue to position the agency as the best place to purchase a health insurance product. We have an excellent customer service record and as a service provider, overhead is very low and profits are leaps and bounds above industry average. Additionally, through trial and error, we have perfected the process of selling health insurance products. The agency has grown each and every year and we have a solid track record of profitability. Due to the business name and vanity phone number, this is an excellent opportunity for someone who would like to franchise to other parts of the State or across the country. I am the sole owner of the agency, which eliminates the need to negotiate with a multiple owner entity. I am willing to personally assist with the transition until June 3, 2011. I have never encountered another business that can generate the profits we've experienced, relative to the time invested. Simply put, this is an amazing business and the foundation has already been established. My reason for selling is I'm moving to Belize in June where I would like to continue to write business under the agency.
Facilities:Leased office space on one of the busiest roads in the greater St. Louis area.
Competition:There really isn't any competition. We consistently outperform every other agency in the State in the category of individual health insurance policy sales.
Growth Potential:With the vanity number 877 MY INSURANCE, growth is easily achievable. Additionally, we have never marketed products outside of individual health sales to our book of business.
Training/Support:I will stay on for the transitioning of ownership until June 3, 2011.
Seller Financing:48 Month Payback with $100K Down
Sale Reason:Moving to Belize in June 2011
Ad #11084
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