Very profitable, growing, & recession resistant!
This construction insurance broker is a very profitable and growing insurance company servicing small construction companies throughout California. They provide workers comp, general liability, commercial auto, bonds and special needs coverage to over 1,300 clients. Because they focus on the construction industry, they can provide tailored solutions for any construction related insurance request. They provide coverage that saves their clients money while providing maximum protection.
This brokerage specializes in providing insurance for smaller construction companies that focus on servicing existing homes and buildings, and are far less affected by the traditional "boom or bust" nature of the construction industry. This specialization gives them a competitive advantage in cost, speed, service and most importantly knowledge of the marketplace. Additionally, construction insurance broker's small business construction portfolio is very recession resistant (contractors tend to pay their insurance bill regardless), great diversity (no one customer represents too much business), and profitable! They have put a great deal of effort into their lead generation system and policy renewal strategy, which minimizes client attrition and bolsters the firm's growth; over the past several years revenue has grown 32%! Applications are taken over the phone or via the internet on their web page portal. construction insurance broker has well-established relationships with the major industry wholesalers who specialize in the construction industry.
After almost 5 years running the show, the current owner is retiring due to medical issues. The owner has done well for himself, but really ran the operation as a lifestyle business, working at most 30 hours a week without actively directing the business. A fresh, energetic Buyer would expand like crazy: cross-sell additional coverage to the existing client base, ramp up the call center (they're at near minimum capacity), and bring on additional agents. Current owner simply doesn't have an expansion mindset!
This construction insurance broker is a rare find - highly profitable, great growth, and low attrition rates at a great price! If you have ever wanted to own your own insurance agency or simply expand your existing book of business, this is your chance. Call your Agent today!!