You’ve worked hard and built your business (Independent Insurance Agency or Book) or are constantly in the process of building your business. The years go by and you start to wonder if you don’t have to work as hard or question whether you can slow down a little or you just don’t want to do the same thing anymore but you aren’t sure how to do this. There are many things that could affect your business goals. When you don’t have family in the business to take over when you start to think this way, you may need some direction.
There are four stages to an Independent Insurance Agency:
- Start Up
You don’t have to get to stage 4, the Exit stage, only when you reach a golden age as you can get there anytime you feel you’re ready for a change, young or old… but you do need more information about your options.
Your business has value and if you move in the right direction you can successfully reap the rewards of that value in cash just as you would if you sold your home real estate but it is done in a completely different manner, and everything is totally confidential so nobody knows you are selling until the deal is done.
If you have thoughts about moving in another direction and you might consider selling your Independent Agency or your Book of Business, then the time is now. There are always Insurance Brokers, Agents and Professionals who are searching for the right fit to buy as many are in the Growth stage (see Item #2 above) of their business. When things are good (or even when things are not so good), the insurance business steadily moves on with doing business and there are hundreds of thousands of Insurance Professionals in every state who are financially qualified to write a big check to acquire other independent insurance agencies in order to expand their businesses.
MKL Agency Broker is an intermediary that has a formal responsibility to act in the best interests of its clients. MKL is the premier broker of insurance agencies and books of business in the United States. We provide our selling clients with maximum exposure to prospective buyers while maintaining their complete confidentiality. From marketing your listing to negotiating your sale price to closing contracts, we are a full-service, one-stop-shop for insurance agency sales.
Why Work With MKL to Sell Your Insurance Agency?
MKL can help sell your insurance agency and book of business in all 50 states. Why settle for local or regional representation when you have a national presence?
We speak your lingo:
Our company’s founders worked in the insurance business for decades before they became brokers selling agencies and books of business. We understand exactly what owners like you go through on a daily basis and know what you need in order to achieve success.
We only do one thing:
Help maximize the value and broker the purchase and sale of insurance agencies and books of business. That’s all we do – it’s what we’re known for, and it’s what we’re really, really good at.
Check out our current listings
“I would like to personally thank you for your professional services with the acquisition process of my Insurance Agency. Your attention to detail, availability, and genuine caring about this transaction gave me piece of mind! Please stay in touch and I will be referring anyone I can your way.”
-A.C., Newport Beach, CA
What would happen if you sold your insurance agency or book of business? Whether you have an eye towards retirement or are looking to start a new business, selling your insurance agency will affect your life in several critical, wonderful ways:
We find cash buyers for your business. MKL will guide you through the process of not only selling but valuing your business in a way that will help you maximize your profit.
The Next Phase
If you sell your business, you’d be done with the insurance business – but the world would become your oyster. Perhaps you are due for a lengthy vacation or to turn your career of knowledge into a consulting practice? The choice is yours.
Prepare for Retirement
As any good financial adviser will tell you, you need a balanced portfolio in order to protect yourself from risk. Selling your business is a great way to diversify your assets and prepare for the next stage of your life.
How MKL Can Help Your Agency
MKL represents insurance agencies and books of business in all 50 states. Why settle for local or regional representation when you have a national presence?
We’re Fluent in Insurance:
We understand exactly what owners like you go through on a daily basis and know what you need in order to achieve success.
This is All We Do
All we do, 365 days a year, is help maximize the value and broker the purchase and sale of insurance agencies and books of business.
We can help you sell your book of business
If you’re ready to sell your insurance agency, how should you run your agency to best position yourself “if” you ever consider what to do with the Agency or Book of Business you have built and consider the process of selling?
The future is something we seldom think about…
Most Insurance Agents and Brokers like you are focused on the “now”, but as time passes, goals and personal needs change and your thoughts may run to how to monetize the Agency or Book of Business you have built… You may wonder if there is value to your business “without” you and “if” you can walk away while maximizing this asset you have worked hard to create over the years.
MKL Agency Broker works with people like you on a daily basis, with total confidentiality, working coast to coast throughout the USA, assisting and guiding Insurance Agents and Brokers to successful transfers of their Agencies and Books of Business to qualified, cash buyers.
Question: If you’re ready to sell your insurance agency, how should you run your agency to best position yourself “if” you ever consider what to do with the Agency or Book of Business you have built and consider the process of selling?
The keys to the determining the sale price of your business as well as justifying this sale price to qualified Buyers is to confirm the revenue stream generated by your renewals and this is done with Profit & Loss statements as well as Carrier Commission Statements and of course showing the top-line revenue that appears on your Tax Returns.
If you are going to explore the process of selling your Agency or Book of Business, you need to be aware that these items are very important and critical to finding the right Buyer and getting top dollar for your business.