Business Overview

Location: South Carolina
Industry Focus: Auto and Home

Founded in 2019, the owner of this independent insurance agency in South Carolina provides services to South Carolina, North Carolina, and Georgia. The agency offers Home, Auto, and Commercial insurance and can sell other product lines as well. Current ownership has been able to grow the book of business substantially in less than three years and has built a strong foundation of loyal customers for continuous growth with a 70% retention rate.

$1,650,000 Book of business in less than three years
Consistent growth with loyal customer base

The Company has opportunities for quick growth as identified below:

• Geographic Expansion: Pursuing untapped markets in nearby states such as Tennessee, Mississippi, Alabama, and Florida could be a quick way to expand the current client base and increase revenue.

• Marketing Campaign: An extensive marketing campaign on major social media platforms could increase awareness of the company and complement current sales drivers.

Purchaser would need to be licensed to do business in GA, SC, NC and appointed with Progressive.


  • Asking Price: $321,000
  • Cash Flow: $115,372
  • Gross Revenue: $194,706
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home-based (Home Based)

Is Support & Training Included:

Seller will train to ensure a smooth transition

Purpose For Selling:

Insurance Industry not for seller

Home Based:

This Business Is Home Based

Additional Info

The company was established in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nevertheless, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of other reasons. This is why it is extremely vital that you not count totally on a seller's word, yet rather, use the seller's solution in conjunction with your overall due diligence. This will repaint an extra realistic image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Specific factors such as new competition growing up around the location, road construction, and also personnel turn over can impact repeat customers as well as negatively affect future profits. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to develop a returning client base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional median household income impact future income potential?