If you own an agency with a heavy carrier concentration in Mercury, Safeco, Travelers, Hartford, Allied or other preferred market and are considering selling in the next year, you can fetch top dollar for your agency. Even though the economy is sour and banks aren’t lending money, there’s a lot of money on the sidelines from buyers looking to grow their agency through acquisition.
Most Brokerages aren’t growing so they’re investing money in books of business in order to reach growth goals for the year. With the 15% Cap Gains rate set to expire in 2010, you’ll need to grow at an 8% organic clip the next 5 years just to maintain the value your agency has today.
Ganis Consulting can be a great resource for sellers because we’ve already weeded out the tire kickers from the real qualified buyers. Contact us for a free consultation so we can answer any questions you have.