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Seeking Investors for National Multi-broker Agency With Huge Growth Po

Egg Harbor, NJ (Atlantic County)

Seeking Investors for National Multi-broker Agency With Huge Growth Po
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2017

Seeking Investors for National Multi-broker Agency With Huge Growth Po

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Business Description

Seeking Investors for National Multi-broker Agency With Huge Growth Po

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: http://www.pronovapartners.com/engagement/insurance-business-for-sale/

This is an exciting opportunity to jump in on the ground floor of a new company inspired by a business model already shown to be wildly successful for similar players. A strategic partnership with a well-known tax and accounting firm is in place, and a strong executive team exists with over 100 years combined experience in insurance and financial services. The Company is offering up to 6,000,000 shares of Preferred Equity securities in a “Friends and Family Round” of financing at $0.50 (USD) per share to qualified investors. The Company projects profitability beginning in the first quarter of 2019. Year 2 projected net profits are $10.4MM, year 3 projected net profits are $81.5MM.
Detailed Information

The Company has negotiated and secured a strategic partnership with a major retailer for opening insurance offices inside the retail locations on a regional and national basis. The Company has the potential to open 200+ offices over the next 9 years. Each office projects $500k in revenue annually, potentially growing to $1-5MM per office. The first office opened in Florida in fall of 2017 and is signing up new insurance clients every week. The Company’s Business Plan, Private Placement Memorandum, and additional info are available. NDA is required.

Detailed Information

Location:
Egg Harbor, NJ
Employees:
10
Competition:
Competition: Competition for insurance clients always exists, as individuals have many options for insurance. This company targets the insurance client who wants to speak to an agent face-to-face and receive a personal level of customer service that they can’t get through online services. Offices strategically placed in locations with high amounts of foot traffic create a major competitive advantage for this company over those with only online or even street side locations.
Growth & Expansion:
Growth & Expansion: The Company projects a potential return on investment (ROI) of up to 5, 10, or 20X for Series A investors. The Company anticipates it will have a range of exit options available for its investors within 3-5 years, including an IPO, stock repurchase, or strategic acquisition.
Support & Training:
N/A
Reason for Selling:
Seeking Series A Investors
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Karen Rennick, MBA

Business Listed By:
Karen Rennick, MBA

ProNova Partners

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