Public Adjuster Company

Price: $2,150,000

Location: South Florida

Industry: Other Financial Services

Listing ID: 42734599

Listing Status: Reduced Price

Description

Our client is a well-established public adjuster company with a solid track record of success in handling residential, warehouse, commercial, retail, low-rise, mid-rise, and condominium claims throughout the State of Florida. With an average portfolio of 200 open claims are included with the sale, this business is primed for growth and offers significant potential for a new owner to step in and hit the ground running.

Key Features:

Diverse Services: The firm boasts expertise in a wide array of insurance claims, including water damage, fire damage, mold remediation, wind-related damages, and flood claims. This diverse service offering ensures a steady stream of clients and a resilient business model.

An additional revenue for generating immediate cash flow lies in accounts receivable. This financial advantage makes it an attractive proposition for potential buyers looking to invest in a thriving business.

In-House Processing: Unlike many competitors, the company handles its processing internally, reducing costs and streamlining operations. As a result, they have an edge in offering competitive pricing and efficient services.

Experienced Management: The presence of an active manager, well-versed in the intricacies of the industry, is a boon for potential buyers. This manager is ready to transition into the owner's role and can provide essential cross-training to new employees, ensuring a seamless transfer of responsibilities.

Non-Licensed Ownership: The owner of this business can be a non-licensed individual, eliminating licensing hurdles. However, it is essential to have a licensed primary adjuster listed within the company, who can be employed in-house.

Expansive Coverage: While the main focus is on South Florida, the company extends its reach across the entire state through strategically positioned satellite offices. This widespread coverage area enhances the potential for growth and market penetration.

Opportunities for Growth:

The company has already established itself as a prominent player in the Florida insurance claims market. However, there remain several avenues for growth, including:

Marketing and Branding: Investing in targeted marketing campaigns and enhancing the brand's online presence can attract new clients and increase awareness within the industry.

Expansion of Services: Diversifying the range of services offered, such as handling claims in neighboring states or expanding into related insurance fields, can open up additional revenue streams.

Client Relationship Management: Strengthening customer relationships and focusing on client retention can lead to recurring business and positive word-of-mouth referrals.

This public adjuster firm presents an exceptional prospect for aspiring entrepreneurs and investors looking to capitalize on the thriving insurance claims industry in Florida. With its impressive portfolio of active claims, robust cash flow potential, and experienced management in place, the business offers a solid foundation for immediate success and continued growth. Don't miss this chance to take the reins of a well-established and profitable venture in the heart of South Florida. Contact us now to seize this unique opportunity!

LISTING DETAILS

Down Payment: $1,935,000

Total Sales: $959,692

Cash Flow: $506,553

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: Yes

FFE: N/A

FFE Included: No

Inventory: N/A

Inventory Included: No

Operation

Year Established: 2010

Year of last Acquisition: 2010

Days & Hours of Operation: Office: Monday - Friday 9 AM - 5 PM / Adjusters: 24/7

Owner Hours Per Week: 45

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 12

Managers: 2

Absentee Owner: No

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Type of Location: Office

Square Footage: 550

Franchise: No

Relocatable: Yes

Summary

Reason For Sale:

Retirement

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

SBA Prequalified with 10% down.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER