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.