Wholesale Insurance Broker in San Clemente, CA

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Background

BizEx ID:BizEx316-DM
General Location:San Clemente, CA
Category: Finance, Banking, Loans & Leasing
Insurance
Years in Business:10
Under Present Owner:10
Hours of Operation:
Owner Hours:
Training:4 weeks @ hours
Organization Type:
Lease Expiration:none
Lease Options:
Building Size:
Employees:0
Reason for Sale:Seller wants to pursue other interests

Financials

Asking Price:$550,000
Down Payment:$275,000
Gross Sales:$3,025,062
Discretionary Cash Flow:$285,438
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:
Financing:Call

2010 2009 2008
Gross Sales $ 3,025,602 $ 3,332,537 $ 6,256,125
Gross Profit $ $ $
Disc. Earnings $ 285,438 $ 300,310 $ 553,296

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations