Business Overview

A full-service life, annuity, long term care, and disability insurance brokerage firm supporting nearly 1,000 insurance agents and financial professionals throughout the Midwest. They have a very experienced team to help advisors find the best risk management products and solutions for their clients using more than 30 highly rated insurance companies. They work directly with advisors regarding product availability and pricing, underwriting requirements and possible outcomes, alternative planning options. Equity partners in a valuable, national brokerage distributor.

The pandemic did not negatively affect the company – 2020 was their best year ever! The company presents strong opportunities for new ownership to continue business growth into the future.


  • Asking Price: $2,595,000
  • Cash Flow: $565,436
  • Gross Revenue: $1,723,436
  • FF&E: $203,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1999

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,500
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:


Additional Info

The business was established in 1999, making the business 23 years old.

The business has 8 employees and is located in a building with disclosed square footage of 3,500 sq ft.
The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other reasons. This is why it is extremely crucial that you not depend completely on a vendor's word, however instead, make use of the seller's solution together with your overall due diligence. This will paint a much more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too tight. Numerous companies 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 take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new clients? Most times, operating businesses have repeat clients, which develop the core of their daily profits. Specific factors such as brand-new competition sprouting up around the location, roadway building, and personnel turn over can affect repeat customers and also negatively affect future revenues. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the regional typical household earnings effect future revenue prospects?