MergerPlace

Insurance Brokerage & Consulting Firm

Texas


  • Asking Price: $2,850,000
  • Gross Income: $1,890,416
  • Cash Flow: $833,742
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $228,447
  • Listing ID: #210651
  • Established: 1980
  • Employees: 4 FT

Business Description

A boutique insurance consultant firm that has excelled at providing consulting services to small, mid and large enterprise firms' human resource and risk management staff and C-level executives. The business employs high-performing human capital with prior experience in global consulting firms, leveraging skill sets in financial analysis, underwriting and benefits consulting. This hiring practice has enabled the business to service clients of all sizes in different industries including energy, healthcare, manufacturing, public entities, real estate, transportation, technology and more.


Business Details

Primary Business Category: Services - Accounting & Tax
Location: Texas

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT

Financial Information

Asking Price: $2,850,000
Gross Revenue: $1,890,416
Cash Flow: $833,742
FF&E: $228,447
Seller Financing Available: Yes

Property Information

Facilities:

Currently operating out of an office in central Houston, though relocating to a similarly appointed but smaller office space after October 31.

Growth & expansion opportunities:

Growth can be achieved by focusing on partnerships that allow the business to reduce the cost of acquiring and servicing small groups, allowing the business to maintain a profitable presence in the small group space. Growth opportunities also exist not only by partnering with benefits related technology companies, but also with technology vendors that service user elements such as telemedicine or cyber security.

Competition:

This business is long-standing and well-adjusted to the competitive nature of the industry, positioned with large companies and is rooting itself in the middle market and main street areas of insurance.

Reason for selling:

Retirement.

Support & Training:

Will train for 12 weeks @ $0 cost. Products include: Employee Benefits Brokerage and Consulting Risk Management Insurance Brokerage Suggested Licenses: General Lines Agent; Life, Accident, Health & HMO General Lines Property & Casualty Texas Group 1 Life & Health & Insurance Counselor

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Business Listed By:

Mitchell Earley

Murphy Business Brokers