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I’m sure many of you have heard that Mercury Insurance Company acquired The Auto Insurance Specialists. This came as quite a shock to many people in the insurance industry. You can read the full article here.
In spite of the slow down in the economy there are still an abundance of buyers looking to purchase insurance agencies and brokerages. Many sellers are reluctant to list their insurance agency for sale because they’re not writing the business they were the past 3 years and think they can get more by riding out the slow down.
When an Insurance Agency owner decides to sell their agency they usually have 3 concerns. How much will I be able to sell my insurance agency for? How will I keep the sale of my Insurance Agency confidential? What time frame can I expect to sell my Insurance Agency?
Los Angeles, Ca. – ISU Insurance Services-The Roger Stone Agency, acquired the assets of HMS Services Insurance Agency, Inc. The sale was finalized on September 30, 2008. Terms of the transaction were not disclosed. Read the Full Article Here
When buying or selling a business in California, you should have a team of advisers assist you. You need a team of 3 professionals consisting of a Business Broker, CPA and Attorney. Each one will play a vital role and in spite of the fees or commissions paid to your team, you’ll come out ahead. The knowledge of selling businesses
Most of the calls we receive from prospective insurance agency sellers start with “What are agencies selling for these days” or “What kind of multiple can I expect if I sell my agency?” When I first started actively seeking insurance agency acquisitions the man who taught me an awful lot about the process used to say “Insurance Agencies are like
When you buy a house, your Real Estate Agent can show you COMPS from other sales in the area to help you determine the value of your home. Businesses are a completely different animal because COMPS aren’t maintained on business sales. Most homes are purchased using a home loan where businesses are purchased using different types of funding. SBA Loans,
One of the best reasons to hire a Business Broker to sell your business is they keep the transaction moving along. We can’t tell you how many times we’ve heard people say “We were in a deal, but the buyer stopped calling and it fell apart”. Most people hear the term Broker and the first thing that comes to mind
Many people have asked why the RE/MAX Commercial Logo is on our website. Since we started selling insurance agencies we’ve been looking for a partner that can offer our clients more tools to sell their businesses. We formed an alliance with RE/MAX Commercial and Investment Realty in Torrance California to accomplish that. In addition to our Business Brokerage we now
We’ve discussed numerous times that the main reason a business doesn’t sell is the sellers overestimate of their offering. Sellers often try to assess the value of their business the same way they assess their home. Homes or any real property have a constant value including the worthiness of the land. You don’t have to do anything to a home