We're Selling our Nationwide Book of Business
888-737-6200
We're Selling the following books of business:
Nationwide - Personal & Commercial
Nationwide - Earthquake (CEA)
Nationwide - Flood
Nationwide Brokerage Solutions - Commercial
We're an Independent Agency and we have been Nationwide Insurance Agents since 2002. After 20+ years, we decided to sell our Nationwide Insurance book of business. This is a Preferred Book of business.
Our book of business is primarily Personal Lines. Approximately 10% of the book is Commercial Lines. This is a highly seasoned book of business with many clients insured with Nationwide (formerly Allied Insurance) for over 20 years! As expected, the book has continued to grow over the years.
Shorr Agency was established in 1956 and plans to continue in the insurance business. Our revised focus we will now be on small business insurance and health insurance.
The Nationwide Insurance book of business is comprised of the following lines of coverage:
Personal Lines:
Auto
Boat
Home
Condo
eBikes
Rentals
Renters
Umbrella
Autocycle
Motorcycle
Townhouse
2nd Homes
Earthquake
Motor Home
Personal Watercraft
Difference-In-Conditions
Commercial Lines:
Bonds
Buildings
Apartments
Cyber Liability
Business Auto
General Liability
Business Property
Commercial Umbrella
Workers' Compensation
Business Owners Policy (BOP)
The Details:
We were appointed with Allied Insurance in 2002. Nationwide Insurance absorbed the Allied Insurance in recent years. We are in no rush to sell. The buyer will be evaluated. This must be a good fit. We care for our clients.
These books of business still have a lot of room for up-sell and cross-sell opportunities. Plus, the book generates referral business.
All clients are accustomed to conducting business over-the-phone, via email, US Mail, very little fax (mainly mortgage companies) and No Walk-Ins. Clients are located mostly in Southern California, but many are located throughout the State of California. This is a very portable book of business.
Policy Composition - Personal & Commercial as of March 2023:
Policies: 500+
GWP: $900,000 - $1 million
Retention: 88 to 92% Personal Lines - Average over the last 5 years
Retention: near 100% Commercial Lines - Avg over the last 5 years
Terms:
Your Agency must already be appointed as a Nationwide Agency in California.
Non-Disclosure Agreement is required. (See it below). Please complete & upload the form below. Use our Contact Us page.
Agency Owner will help with transition for 3 months (if needed).
Sales contract will be executed between Seller and Buyer.
Business Brokers are welcome. However, Seller is not paying any fees. You may represent the Buyer.
Purchase Terms:
Buyout calculated as follows: 3x Commission on a Good Will tax basis
Seller is not financing
Price: $325,000
Contact Tim Shorr. 888-737-6200 Ext 1
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