Cash Flow! Low Overhead!
Asking price: $99,000
Book size is $1,264,433.
Seeded accounts at 6%: Avon accounts $450,000
Full accounts at 9%: $810,000
Agency Yearly Revenue: $99,900 (seeded accounts $27,000 + full accounts $72,900)
Active policy count: 1,080
Retention: 0-2 years: 87.43%, 2+ years: 90.44%, 2-5 years: 89.29%, 5+ years: 92.09%.
Loss Ratio: 12MM 44.31%
Geographical: Approx. 40% long island and NYC accounts, 40% Avon accounts, 10% Spencerport accounts, 10% remainder of NY accounts.
Overhead: NO STAFF! $750/Month Rent ($9K/YR), approx. $50 month electric ($600/yr), Error and Omissions $2K/yr $11,600 annual overhead! LOW OVERHEAD!!
- Low Overhead! Great Location!
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