Location: South Florida
Industry: Other Financial Services
Listing ID: 42734599
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 a vast portfolio of 350 open claims and an average collection of $4,000 per claim that is 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.
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.
Robust Cash Flow: An additional avenue of generating immediate cash flow lies in approximately $600,000 worth of accounts receivable after splitting payments with adjusters. 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!
Down Payment: $300,000
Total Sales: $1,774,450
Cash Flow: $827,103
Accounts Receivable: $600,000
Accounts Receivable Included: Yes
FFE Included: No
Inventory Included: No
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
Absentee Owner: No
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $1,717
Type of Location: Office
Square Footage: 550
Reason For Sale: Retirement
Training & Support: Seller provides training for 2 weeks at no cost.
Seller provides training for 2 weeks at no cost.
Financing/Terms: SBA Prequalified with 10% down.
SBA Prequalified with 10% down.