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 have a book of business of nearly $1 million with a loss ratio of 27% and a retention ratio of up to 99%. This is a highly desirable book of business and won't last long.
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.
This is a highly seasoned book of business with many clients insured with Nationwide (formerly Allied Insurance). 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.
Policy Composition - Personal & Commercial as of August 2023:
Policies: 500+
GWP: $900,000 - $1 million
92% Personal Lines
8% Commercial Lines
Retention: 90%+ Personal Lines average over the last 5 years
Retention: 99% Commercial Lines average over the last 5 years
Loss Ratio: 27% All Lines
Clients are located mostly in Southern California (Los Angeles & Orange County). The balance are located throughout the State of California. This is a very portable book of business.
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:
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)
Terms:
Your Agency must already be appointed as a Nationwide Agency in California.
Non-Disclosure Agreement is required. (See 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:
Price: $300,000 USD
Buyout calculated on a Good Will tax basis
Seller is not financing
Need financing? Contact www.OakStreetFunding.com
Contact Tim Shorr. 888-737-6200 Ext 1
Please send the completed Non-Disclosure Agreement via the Contact Us. Thank you.
Nationwide - Personal & Commercial
Nationwide - Earthquake (CEA)
Nationwide - Flood
Nationwide Brokerage Solutions - Commercial
We have a book of business of nearly $1 million with a loss ratio of 27% and a retention ratio of up to 99%. This is a highly desirable book of business and won't last long.
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.
This is a highly seasoned book of business with many clients insured with Nationwide (formerly Allied Insurance). 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.
Policy Composition - Personal & Commercial as of August 2023:
Policies: 500+
GWP: $900,000 - $1 million
92% Personal Lines
8% Commercial Lines
Retention: 90%+ Personal Lines average over the last 5 years
Retention: 99% Commercial Lines average over the last 5 years
Loss Ratio: 27% All Lines
Clients are located mostly in Southern California (Los Angeles & Orange County). The balance are located throughout the State of California. This is a very portable book of business.
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!
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)
Terms:
Your Agency must already be appointed as a Nationwide Agency in California.
Non-Disclosure Agreement is required. (See 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:
Price: $300,000 USD
Buyout calculated on a Good Will tax basis
Seller is not financing
Need financing? Contact www.OakStreetFunding.com
Contact Tim Shorr. 888-737-6200 Ext 1
Please send the completed Non-Disclosure Agreement via the Contact Us. Thank you.
| Non Disclosure Agreement |
