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Insurance agency owners who are considering selling their agency, are obviously very curious about the price they can sell their agency for. It’s the single most asked question of Acquisition Brokers like Ganis Consulting, “How much can I make if I sell my agency?”
About 50% of our daily activity is helping Insurance Agency Owners sell their agencies. We’ve always specialized in Seller and Buyer representation but also consult new and existing insurance agencies.
Locating an insurance agency for sale can create more challenges than buyers and sellers realize. Once you locate an insurance agency for sale, what are the next steps? Sign confidentiality agreements, learn as much as you can about the agency, interview the seller of the agency, visit the location, request documentation about the agency, submit and negotiate an offer, request
We spend 100% of our time prospecting insurance agencies for sale and know from experience that locating a viable candidate is no easy task. To find an insurance agency for sale that profitable, has reasonable pricing, good markets, location, employees and other positive features can literally take years for you to locate.
Despite the bad economy, soft market and freeze in lending, Insurance Agencies for sale are still in demand. If you have a profitable agency and are looking to sell it, there are plenty of buyers in this market. While most Main Street businesses are struggling to stay afloat let alone sell, Insurance Agencies remain in demand because of the renewal
The Insurance Journal is loaded with useful information for insurance agents and brokers. A division of the Insurance Journal, www.MyNewMarkets.com released Five Insurance Checklists And Client Letters Your Agency Can’t Be Without In 2009. Click here to read the article and view the checkslists and letters.
Many insurance agency buyers aren’t interested in purchasing an agency with an office, employees, equipment and other liabilities. They prefer to purchase a book of business, move it to their current location and forward the phones to their existing office. This is extremely common and happens on a daily basis.
One of our services is assisting prospective insurance agency owners start their own agency. Sometimes it’s a Producer that’s been in the same agency for many years with an above average income and ample savings. Sometimes it’s a person from a completely different industry that wants to give the insurance business a try because they heard it’s a great business.
We received a call from a client that searched for an insurance agency to acquire for 18 months. He found a candidate, met the Owner and was positive he’d be buy this agency. After the first 2 visits, The Seller warmed up to him and gave him 3 years of financial information. After another week and another visit, the Seller gave
When buyers locate an insurance agency for sale, you should always have a plan before conducting due diligence. It’s important to remember that the seller of the agency has put a lot of blood, sweat and tears into their business. When a pessimistic buyer asks questions and acts suspicious towards a sellers answers, it can kill a deal.