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Insurance Brokerage- NIche Market- Profitable

Insurance Brokerage- NIche Market- Profitable

This business is a Brokerage Agency that works a niche market. The Seller specializes in selling to

Automobile Driving Schools through out California. She has 90% of the Schools in the State...Here Retention is 95% and that amounts to (2) lost accounts in 2020. The total Book of Business consists of (Commercial Auto, General Liability, & Surety Bonds). Naturally the opportunity to sell cross-lines is fantastic since that is an area that the Seller has not spent any effort in obtaining other lines of insurance. Total Premium amounts to

$700,000, which allows for a Net Income of $150,000 Annually. Here office is remote so there is no lease to be negotiated. Despite the pandemic the Agency had the most profitable Year to Date 2020 -2021.