Frequently Asked Questions

It is difficult to provide an exact timeframe for how long it will take to sell your insurance agency as it depends on various factors. These factors include market conditions, the size and profitability of your agency, and the demand for insurance agencies in your area. There are many variables that come into play, such as the economy and interest rates. On average, it can take weeks to months, or even over a year, for most agencies to find a qualified buyer. The timeline may also depend on whether it is an external or internal acquisition, as well as the approval, training, and education processes of your company. Positive cash flow is an important factor for buyers and lenders, so having a well-functioning agency with experienced and licensed staff can expedite the process. Additionally, the overall quality of your book of business, including retention, profitability, growth trends, office location and appearance, can impact the sale.

• There are no upfront fees, except for the Valuation if requested, and potentially Ad costs depending on the sites we use (which are minimal). 
• The Consulting Fee we charge is determined by the size of your agency and is considerably lower than what our competitors charge. 
• We take pride in offering the most experienced and professional service at the lowest possible prices.

• If you have already identified a buyer before signing the Consulting Agreement, we can still work with them at a reduced fee. 
• Alternatively, if you prefer to handle the sale without our assistance, we can exclude that buyer entirely. 
• Any buyers that are not identified before entering into the Agreement will be subject to the fee outlined in the Consulting Agreement.

To have a professional and credible presentation for potential buyers, the client needs to provide the following information:  

•  Relevant agency reports for valuation and updates, as needed. 
•  Three years of profit and loss statements including non-discretionary fixed operating expenses. 
•  Three years of business tax returns for valuation and lender review. 
•  Complete inventory and value of furniture and equipment. 
•  Photos of the office, both inside and outside. 
•  Agency information, including staffing situation, biographical sketch, and performance history, awards, recognition, etc. 
•  Any other miscellaneous information that would assist in the sale.

• - Facilitate negotiation of offer and acceptance through a signed Letter of Intent.
• - Direct the buyer to your company (if required) for screening, submission of files, and the approval process.
• - Provide a comprehensive explanation of the buying process, including requirements from both the company and the lender for approval.
• - Prepare a Prospectus and Agency Presentation (by Acuvizori) for due diligence, to be reviewed by the buyer and lender if requested.
• - Offer consultations to explain all agency reports and financials, and provide coaching and assistance throughout the buying process as needed.
• - Provide referrals for lender and legal services for financing and sales agreements.
• - Conduct Zoom calls or in-person meetings with the buyer and seller, depending on availability and distance.
• - Coordinate the closing process with the buyer, seller, and company.

• The cancellation of the agreement can be done at any time in writing prior to a signed and fully executed Purchase Agreement.