We're Selling our
Nationwide Insurance & California Fair Plan
Books of Business
888-737-6200
We're Selling these books of business:
1. Nationwide - Personal Lines with CEA & Flood
2. California Fair Plan including Earthquake (CEA)
The easiest way to grow your agency in this hard-market economy is to acquire. We have Nationwide Insurance and its affiliates, plus a book of California Fair Plan for sale now. Nationwide is a highly desirable book of business. This book is built with loyal clients and has a low loss ratio resulting in an agent profit sharing bonus.
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 for Nationwide Insurance - Personal Lines as of December 2023:
Policies: 450
GWP: $800,000
Retention: 90%+ Personal Lines average over the last 5 years
Loss Ratio: 27%
Profit Sharing Eligible: Yes
Profit Sharing Earned: December 2023
Profit Sharing Received: 2024
Policy Composition for California Fair Plan - Personal Lines as of April 2024:
Policies: 14
GWP: $26,000
Loss Ratio: 0% in the last 3 years
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:
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
Motorcycle
Townhouse
2nd Homes
Earthquake
Motor Home
Personal Watercraft
Difference-In-Conditions
Terms:
Your Agency must already be appointed as a Nationwide Insurance Agency in California.
Feel free to call now to discuss our Books of Business. Contact Tim Shorr. 888-737-6200 Ext 1
Agency Owner will help with transition for 3 months (if needed).
A Letter of Intent will be required to purchase the Books once the Seller is ready to proceed with the acquisition.
A 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:
Purchase Price: $299,000 USD
Seller is not financing
Need financing? Contact www.OakStreetFunding.com
Additional Terms:
A Non-Disclosure Agreement will be required before any documents are exchanged between the Selling Agency / Brokerage and the Buying Agency / Brokerage. The Non-Disclosure Agreement located below must be completed & uploaded to our firm. Use our Contact Us page. Thank you.
1. Nationwide - Personal Lines with CEA & Flood
2. California Fair Plan including Earthquake (CEA)
The easiest way to grow your agency in this hard-market economy is to acquire. We have Nationwide Insurance and its affiliates, plus a book of California Fair Plan for sale now. Nationwide is a highly desirable book of business. This book is built with loyal clients and has a low loss ratio resulting in an agent profit sharing bonus.
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 for Nationwide Insurance - Personal Lines as of December 2023:
Policies: 450
GWP: $800,000
Retention: 90%+ Personal Lines average over the last 5 years
Loss Ratio: 27%
Profit Sharing Eligible: Yes
Profit Sharing Earned: December 2023
Profit Sharing Received: 2024
Policy Composition for California Fair Plan - Personal Lines as of April 2024:
Policies: 14
GWP: $26,000
Loss Ratio: 0% in the last 3 years
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:
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
Motorcycle
Townhouse
2nd Homes
Earthquake
Motor Home
Personal Watercraft
Difference-In-Conditions
Terms:
Your Agency must already be appointed as a Nationwide Insurance Agency in California.
Feel free to call now to discuss our Books of Business. Contact Tim Shorr. 888-737-6200 Ext 1
Agency Owner will help with transition for 3 months (if needed).
A Letter of Intent will be required to purchase the Books once the Seller is ready to proceed with the acquisition.
A 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:
Purchase Price: $299,000 USD
Seller is not financing
Need financing? Contact www.OakStreetFunding.com
Additional Terms:
A Non-Disclosure Agreement will be required before any documents are exchanged between the Selling Agency / Brokerage and the Buying Agency / Brokerage. The Non-Disclosure Agreement located below must be completed & uploaded to our firm. Use our Contact Us page. Thank you.
| Non Disclosure Agreement |
