Insurance Agency Investment Opportunity in Timonium, United States
Insurance providers helping Americans secure medicare advantage coverage at no cost seeks investment.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 50 - 100 |
| Legal Entity | C Corporation |
| Reported Sales | USD 8 - 9 million |
| Run Rate Sales | USD 9.8 million |
| EBITDA Margin | 20 - 30 % |
| Industries | Insurance Agencies |
| Locations | Timonium |
| Local Time | 5:54 PM America / Nipigon |
| Listed By | Management Member |
| Status | Active |
Partial Stake Sale
USD
5 million
for
10.0%
stake
(Native Currency: USD 5,000,000)
Reason: Need funds to hire more sales representatives and scale growth into an exit or IPO.
The business is...
View More
Includes physical assets worth
USD
3 million
Interested to connect with advisors
Documents
Website
(99.8 KB)
Office Photo
(290.8 KB)
Business Overview
- The company generated USD 8,100,000 last year and pacing USD 27,725,119 this year, and currently, we are generating USD 200k on a monthly basis from policy renewals. There has been a significant increase in the revenue since there is an increase in the policy users.
- We plan to use SGB as a flagship vehicle to roll up other brokers and organically scale our existing business. Our growth strategy is an easy math formula.
- We are FMOs who are typically top-level organizations that are licensed to sell health insurance products in most if not all, states.
- We work with multiple agents and multiple big-name and small-name carriers all across the U. S. Almost all of an FMO’s contracts are direct with carriers, and FMOs are usually able to offer agents contracts that provide higher than street-level commissions.
- We have tied up with 6 agencies who market the products.
- Every time we sell a policy we generate a sale of USD 500. Also, generate revenue from the re-occurring payment from the user.
- Our founders helped grow a prior agency from 8 to 60 agents in just 3 years and exited at USD 40M.
- Majority of the revenue is generated by the sale of health insurance.
- We plan to use SGB as a flagship vehicle to roll up other brokers and organically scale our existing business. Our growth strategy is an easy math formula.
- We are FMOs who are typically top-level organizations that are licensed to sell health insurance products in most if not all, states.
- We work with multiple agents and multiple big-name and small-name carriers all across the U. S. Almost all of an FMO’s contracts are direct with carriers, and FMOs are usually able to offer agents contracts that provide higher than street-level commissions.
- We have tied up with 6 agencies who market the products.
- Every time we sell a policy we generate a sale of USD 500. Also, generate revenue from the re-occurring payment from the user.
- Our founders helped grow a prior agency from 8 to 60 agents in just 3 years and exited at USD 40M.
- Majority of the revenue is generated by the sale of health insurance.
Products & Services Overview
Medicare, healthcare, life insurance, lead gen technology, and insurance tech.
Assets Overview
Tangible assets include office equipment (laptops, desktops, printers).Intangible- lease, data, IP, and client info.
Facilities Overview
1 floor fully leased out, only 40% occupied by sales representatives with a built-out floor plan for growth. It is located in the north of the city.
Capitalization Overview
- Zero debt business.- 3 main shareholders with a 45/45/10 split.
- Cap table can be available upon request.
Recent Activity
-
Earlier than 15 daysManager, Calgary, M&A Advisor connected with the Business
-
Earlier than 15 daysPrincipal, Dallas, M&A Advisor connected with the Business
-
Earlier than 15 daysCEO, Advertising And Marketing, Philadelphia, Individual Investor / Buyer connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
