Insurance Agency in Richmond, Texas
Annual Revenue
$ 350,000Sold
Book of Business Breakdown by Revenue
Personal Lines: 90%
Commercial Lines: 10% Other Lines: 0%
Life & Health: 0%
Book of Business Size
3,500,000
Book Description
This insurance agency, based in Richmond, Texas, has been operating successfully for 20-25 years. With a book of business valued at approximately $3.5 million, it generates around $350,000 in revenue annually. The agency focuses primarily on personal lines (90%) and commercial lines (10%), working with top carriers like Nationwide Insurance, Progressive, and Travelers. Currently led by one owner, the agency typically operates with two employees and boasts an impressive 80% retention ratio, with most new business coming from referrals. The owner is looking to retire and is selling the agency .
The business in question is a well-established insurance agency.
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Other Lines: 0%
Life & Health: 0%
Book of Business Size
3,500,000Book Description
This insurance agency, based in Richmond, Texas, has been operating successfully for 20-25 years. With a book of business valued at approximately $3.5 million, it generates around $350,000 in revenue annually. The agency focuses primarily on personal lines (90%) and commercial lines (10%), working with top carriers like Nationwide Insurance, Progressive, and Travelers. Currently led by one owner, the agency typically operates with two employees and boasts an impressive 80% retention ratio, with most new business coming from referrals. The owner is looking to retire and is selling the agency .
The business in question is a well-established insurance agency.