Insurance Agencies For Sale – View our Listings

Buy an Insurance Agency

If you would like to buy an insurance agency, please view our insurance agencies for sale below. We have previously sold insurance agencies and get paid by the seller when the insurance agency is sold. So there is no fee to the buyer for our services.

All of our clients want to maintain the confidentiality of the sale of their business.  We provide an overview of each insurance agency below.  To get the specific details, please fill out our online NDA on the business that you are interested in. On the online NDA, we also request that you provide some information on your background and financial qualifications so that we make sure that you are qualified to purchase a specific insurance agency.

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Insurance-Covered Property Reconstruction and Restoration, 36% SDE MARGIN
$3,200,000
Annual Revenue: $3,200,000 Net Cash Flow: $1,150,000

This company specializes in providing insurance-covered property restoration services, primarily focusing on reconstructing damage caused by water, fire, wind, and mold. The company also offers various clean-up-related services that contribute to a smaller portion of its revenue.

In 2023, the company generated $3.2 million in total income with an SDE margin of 36%.

This business operates independently of the owner and has established protocols, an operating model, and contracts within the industry.

The company operates in a steadily growing market, occupying a niche segment with evenly distributed competition. Most competitors are small businesses.

The reconstruction industry is projected to grow at a 6% CAGR, while the company can double the business in a short period by engaging more partnerships with Third-Party Administrators (TPAs) and expanding its clean-up service offerings.

Key Highlights:

  • Dynamic operations: Serving over 30 locations.
  • Strategic partnerships: Collaboration with TPAs can significantly boost revenue.
  • Sales: The company contracts 80-90% of inbound project leads.
Georgia
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Collection Agency – Insurance Subrogation and Claims Processing Company – Sold
$7,732,000
Annual Revenue: $6,000,000 Net Cash Flow: $1,300,000

The company has been sold. Contact us if you would like to sell your collection agency

This unique business has been growing at 25% each year and has limited competition & high barriers to entry. They provide national claims collection and subrogation services to the transportation industry. This niche business services small and large passenger and cargo transportation fleet owners offering a contingency-based fee model that is understandably well-received.

Ownership’s business model essentially uncovers “found money” for its clients through its expertise in the property insurance industry, with no out-of-pocket cost. Using a complimentary audit process as a door-opener, the company identifies additional insurance collection opportunities in physical damage, loss of use, and diminished value claims, and more, resulting in the collection of hundreds of thousands of additional dollars for its clients.

Outstanding relationships with carriers result in the fast settlement of claims, further endearing the company to its customers as evidenced by robust customer retention rates.

Recession and COVID proof, the opportunity has no ceiling, no inventory, no receivables, low overhead, and nearly 40% gross margins!! This ideal service business is easily scalable with the implementation of a marketing plan. The business can readily be relocated or operated virtually. Skilled, tenured back-office staff complete this turnkey offering.

If you are interested in buying a business please view our other businesses for sale.

Long Island, New York
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Insurance Brokerage – Sold

This business has been sold. Please contact us if you would like to discuss how to sell your insurance agency.

This brokerage has been established for many years, addressing the insurance needs of both individuals and businesses. The breakdown of the book of business is approximately 75% personal and 25% commercial. Automobile policies account for 65% of personal line commissions, with homeowners and other products generating 35%. The brokerage has had longstanding direct appointments with Fidelity National, Franklin Mutual, Farmers of Flemington, Mercury Insurance Group, IFA, and Plymouth Rock. Homeowner and auto policies are also written through JIMCOR, a wholesaler. The brokerage is authorized to process applications on behalf of the New Jersey Personal Automobile Insurance Plan (NJPAIP). Commercial customers are served through products offered by Starr Indemnity and other companies. The book of business has maintained loss ratios at a level that hahistorically been significantly lower than average. The brokerage occupies 1,300 sq. ft. of space in a storefront location on a main thoroughfare. The owner is receptive to selling either the book of business or the entire brokerage. Since he owns the building that houses the brokerage, he has the flexibility to accommodate the buyer’s preference regarding the length of a lease commitment.

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Prominent Law Firm – Sold
$1,800,000
Annual Revenue: $2,211,864 Net Cash Flow: $963,177

This business has been sold. Please view our other legal services businesses for sale and contact us if you would like to sell your legal services business.

The company focuses on all aspects of insurance defense and affirmative lawsuits on behalf of insurance carriers. It has extensive experience in auto liability, property, and casualty insurance fraud, first and third-party benefits, bad faith, uninsured and under-insured motorist benefits, property claims, insurance coverage, class actions, product liability, and commercial litigation.

The company successfully serves and represents clients in local, state, and federal courts throughout the Commonwealth of Pennsylvania, concentrating in the five-county Philadelphia region. Clients include well-known, high-profile insurance companies, some of which have been clients for over 30 years, providing consistent repeat business. The company represents four insurance companies, and the most significant client represents 59% of its revenue.

Employees: There are (11) employees, excluding the owner:

(3) full-time lawyers,

(1) part-time lawyer,

(2) paralegals,

(2) legal secretaries,

(1) receptionist,

(1) office manager, and

(1) billing coordinator.


Facilities:
The firm operates out of a 3,500-square-foot office.

Business Highlights:

  • The business has a strong team with an excellent regional reputation.
  • Profitable, with strong cash flow and the ability to expand services and regions.
  • The owner is willing to remain through the transition period and after that.
  • High-profile client list with repeat business and potential to expand services provided.

To ensure a smooth transition and leverage existing expertise, an attorney is the most suitable buyer for this opportunity since in PA, only attorneys can buy and operate law firms.

Further business details will be revealed only to those buyer prospects who have been screened.

Philadelphia Area, Pennsylvania
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Property Management firm – Sold
$1,100,000
Annual Revenue: $600,000 Net Cash Flow: $300,000

The company has been sold; view our other real estate businesses for sale and contact us if you would like to sell your property management business.

A well-established and reputable full-service residential property management firm in NYC. The company is held in high esteem by boards, residents, and building owners alike and is a staple in the greater NY residential real estate marketplace, having managed over 300 local buildings in its 37-year history.

It is ranked in the top 5 all-time among residential management firms and is renowned for its expertise in all phases of coop/condo and rental building management. Its functions include collections, reporting/budgeting, maintenance/repairs, dealing with complaints, and communicating with board members and owners. Ownership’s commitment to providing each client unparalleled personal attention ensures the delivery of an intimate boutique agency feel in spite of the company’s size and stature.

Strong, qualified leadership fosters a spirited team approach, resulting in more favorable outcomes for building owners.  Leveraging a skilled back office to maximize clients’ financial returns and, in turn, customer satisfaction, the firm is often rewarded with preferential treatment on upcoming sales and rental opportunities. In fact, current owners identify further development of the brokerage end of the business (sales and rentals), insurance, construction, and construction management as the quickest way to scale. High morale employees, a good web presence, an online payment platform, and a transparent owner will facilitate the transition for new owners.

Contact us to sell your property management business in New York and beyond.

NYC, New York
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Financing the Acquisition of an Insurance Agency

If you need financing, we have relationships with banks and can introduce you to an SBA loan officer. Typically you need a 10% to 25% down payment to qualify for SBA financing to purchase an insurance agency. Also, banks want to see that you have good credit and some business and/or insurance agency experience.

Buying an Insurance Agency

Buyers are interested in purchasing a variety of insurance agencies, including those that provide:

  • Property & Casualty Insurance
  • Auto Insurance
  • Small Business Insurance
  • General Liability
  • Flood Insurance
  • Personal Articles
  • Health Insurance
  • Business Liability
  • Errors & Omissions
  • Fleet Insurance
  • Insurance Franchises

Sometimes, these buyers are other insurance agencies that want to grow through acquisition. In other cases, the buyers will be private equity firms or wealthy individuals.

Selling or Buying an Insurance Agency

Whether you are interested in buying or selling an insurance agency, Synergy Business Brokers is the go-to M&A firm. Our job is to introduce the right buyers to acquire a specific insurance agency. Many of our potential buyers have acquired multiple insurance companies and have particular things they want in a possible acquisition. We’ll work with the buyer and seller to understand whether there is a good fit in terms of expectations, pricing, and terms and conditions. If so, we’ll work with you every step of the way.

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Are You Considering Selling Your Business?

If you want to sell an insurance agency, we offer a confidential consultation for profitable firms with annual revenue of $700,000 to $70 Million. There is no fee for our services until your insurance agency is sold, and we provide a confidential sales process.

Call today at (888)-688-4664 or fill out our contact form.

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