Insurance Broker For Sale in San Antonio

Location: San Antonio (Northwest San Antonio, TX)

Price: $449,000

Established Allstate Insurance Agency providing services to the Northwest San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,800 policies in place, the business generated over approximately $230k in commissions last year with an 82% retention rate. There is $225k in equity in the book of business, which can assist in lending. Currently there are 3 binding agents not including the owner and one part time telemarketer.

This is a perfect opportunity for someone to get into the insurance industry or if relocating this is an excellent book of business to build from. You should have or be willing to obtain P&C, Group-1 Life & Health licenses, and Series 6 & 63 licenses (within first two years). Office has been recently updated to the new branding retail environment.

The owner is willing to train the new owner for a smooth transition and there are several employees in place for continuity. Owner willing to sign a meaningful noncompete. Business could be acquired with as little as 10% down with insurance experience, primarily P&C experience. Existing lender would like to speak with the new potential owner about lending again on the book of business.

This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

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