Business Overview

Have you ever thought about becoming your own boss? This opportunity is one that you cannot afford to let go by. This well branded captive insurance company is just the place for you. The sky is the limit for you and the money you could make. It is directly proportional to your drive and work ethic. In addition to the normal earnings, this agency has enhanced compensation with even more opportunity for monthly and quarterly bonuses. This established agency is fully operational and ready for a driven individual like yourself to take the reins and write your own future. With hard work and dedication, this self-sustaining business could enable you to fulfill all your dreams.

Financial

  • Asking Price: $110,000
  • Cash Flow: N/A
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

6 week training period plus additional training from seller.

Purpose For Selling:

Other opportunities

Additional Info

The company has 3 employees and is situated in a building with approx. square footage of 2,000 sq ft.
The building is leased by the business for $1,350 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell businesses. Nonetheless, the true factor vs the one they say to you may be 2 absolutely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is really essential that you not count completely on a vendor's word, but rather, utilize the seller's response together with your overall due diligence. This will paint an extra sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can mean that profit margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new clients? Often times, companies have repeat clients, which develop the core of their everyday profits. Particular aspects such as brand-new competition growing up around the area, road building, as well as staff turnover can influence repeat clients as well as negatively influence future earnings. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the better the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the local median home income impact future earnings potential?