“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.


“I wholeheartedly endorse and recommend Crossroads Business Brokers as the go to brokerage professionals."

Michael S. Robirds, Owner
Amada Senior Care


“Your deal process and handling of the transaction was top rated."

Peter Chen, CEO
EJK Products


“You have been fantastic to work with and I’d recommend you to anyone looking to buy or sell."

James Cote & Patrick Vollmer, Principals
Alternative Molding Concepts

Wholesale General Insurance Agency in OC – FinTech Enabled

Irvine, CA

Price: $1,950,000

Cash Flow: $464,445

Total Sales: $3,075,908

EBITDA: N/A

FFE: N/A

Inventory: N/A

Year Established: 2017

DESCRIPTION:

The Company provides wholesale insurance products and policies to a network of brokers, agents and households nationwide using its tech enabled platform. From inception, this Company was created as a FinTech enabled platform by forward-thinking founders who come from the startup, wealth management, and financial planning industries. It partners with Life Insurance Brokers and provides marketing training and support, and technological solutions to partnered agents. Its products and framework are tailor made for each partner to address their specific needs and help grow the broker's book of business, driving revenue to both parties by streamlining its entire process with its technology.

As a general agent, the company’s primary business looks to partner with agents who can bring life insurance policies by leveraging their current and future relationships with clients. The Company accomplishes this by offering different leveraged products, which enable higher premium sales and funding of larger policies, as an example. In 2021, property-liability net written premiums equaled $4,455,892.49, up from $1,388,019.17 in 2020. Of the 2021 total, there were a total of 41 policies with an average commission amount of $108,680. This level of production was accomplished through six partnered brokers with the number one producer bringing in 14 (34.15%) deals and this is an example of how our services enable the higher production of our partnered brokers.

The company’s growth shows no signs of slowing, so owning this business could be the perfect solution to achieving your financial goals.

The business is based in Irvine located in a busy intersection and a highly desirable location in Orange County, CA. Office space is (1,300) Sq. ft with (2) private offices, breakroom, bathroom, supply room, reception area with several workstations, and easy access from parking lot. However, the management team works nationwide and remotely so the Company headquarters can be relocated. The ownership is completely hands off and has trained staff to manage all day-to-day aspects of the business. 

The company continues to thrive and is has great potential to increase revenues through new and renewal commissions through cross sales of many of its insurance products across its network of agents and direct to consumers. A turnkey operation with tenured staff, multi agent and multi-household customers and compelling earning potential. Additional income stream available by adding additional brokers and agents nationwide which could possibly increase the general agency’s production. The agency is well established in the broker community with excellent P&C licenses staff.

The company continues to thrive and is has great potential to increase revenues through new and renewal commissions through cross sales of many of its insurance products across its network of agents and direct to consumers. A turnkey operation with tenured staff, multi agent and multi-household customers and compelling earning potential. Additional income stream available by adding additional brokers and agents nationwide which could possibly increase the general agency’s production. The agency is well established in the broker community with excellent P&C licenses staff.

According to IBISWorld, the Insurance Brokers and Agencies industry has grown over the five years to 2021, benefiting from economic growth during most of the period, in addition to favorable legislation and positive trends in the insurance sector. The industry includes insurance brokers that represent the buyer, rather than the insurance company; and agencies, which represent various insurance companies during the purchasing process. The industry is a vital component of the larger insurance sector as industry operators act as intermediaries between insurance providers and downstream clients. Operators generate income via commissions earned on policies sold. As a result, industry revenue increases as policy prices and volumes increase.

Over the five years to 2021, the industry has grown for numerous reasons. One such reason has been rising premium prices on policies sold to consumers. Despite rising premium prices, consumers have not decreased their consumption of insurance products due to rising disposable income levels and favorable legislative trends.

Over the five years to 2026, the industry is anticipated to continue its steady, moderate rate of growth as the overall economy improves following the coronavirus pandemic. Macroeconomic growth will likely lead to per capita disposable income growth during the outlook period, enabling households to afford goods that require insurance policies, such as automobiles, and generally desirable insurance policies, such as private health and life insurance. Similarly, the number of businesses is expected to increase an annualized 0.7% over the five years to 2026, likely leading to higher demand for brokerage of commercial lines of insurance. Overall, industry revenue is expected to increase an annualized 2.6% to $210.8 billion over the next five years.

Projected Revenue 2022: $ 4,300,000 / Projected EBITDA: $ 649,000

Agency Earned Premium is $ 4,455,892

LISTING DETAILS:
Total Sales: $3,075,908
Cash Flow: $464,445
FFE Included: Yes
Reason For Sale:

Pursue other ventures

Training & Support:

Owners will assist in the transition.

OPERATION:
Year Established: 2017
Employees: 3 full time office staff
LOCATION:
Type of Location: Leased
Square Footage: 1300 SF
Facilities Information:

Lease Expiration: 08/30/2024 –Long-term lease available.

SUMMARY:
Competition:

Company is well positioned

Potential Growth:

Excellent potential

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Edward Saldana

Phone: 310-500-7078
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