How To Sell An Insurance Agency

Name: How To Sell An Insurance Agency
Address: Columbus, OH, US
Telephone: +16143982830

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How To Sell An Insurance Agency

Ron Christopher Co., Inc. is a M&A firm that brings together buyers and sellers of independent insur

08/19/2025

It's been 17 years since we had a major recession in America and it's been 5 years since we had the blip COVID recession. Over the last 95 years since the start of the Great Depression America has a recession once every 5 years. We have had 2 recessions in 17 years, so we are long overdue for another.

We only mention this as many think that the good times for selling their independent P&C insurance agencies will go on forever. It won't. 15 years ago, good agencies were selling for 1.5x to 1.8x annual commissions. Now most agencies go for 2.5x to 3.0x annual commissions.

Don't risk a secure retirement because you waited too long to sell.

Please call or email us at Ron Christopher Co., Inc. if you would like to talk shop about selling your agency:

Ph: 614-398-2830
Email: [email protected]

06/29/2021

As you may already know, President Biden wants to raise capital gains' taxes and he may or may not succeed in his efforts. He's proposing to boost taxes from a maximum of 20% to nearly 40%. If you've been holding off selling your insurance agency, now may be the time to get out. Otherwise, you may end up paying an extra 20% of the gain on the sale of your agency to the government unnecessarily.

If you have any questions about taxes and the process of selling your agency, please send an email to: [email protected].

12/16/2019

When selling an insurance agency, oftentimes the sale of the agency can be held up by the assignment or transfer of the lease of the seller's office space. Long before you enter into negotiations with a potential buyer, you want to make have a frank talk with your landlord. You want to make sure that the landlord is amicable to assigning or transferring the lease to a potential buyer of your agency.

Most agency buyers want to know that there aren't going to be any problems with maintaining the existing office space. So if you are thinking of selling within the next year, take time today or this month to sit down with your landlord.

If you have any questions about selling your insurance agency, please give us a call here at Ron Christopher Co., Inc. We've been helping buyers and sellers of independent insurance agencies for 10+ years. Our contact details are:

Joel Farley, President
Ph: 614-398-2830
Email: [email protected]

08/06/2019

If you have any inkling of selling your independent insurance agency in the next few years, you'll want to start collecting financial due diligence for potential buyers now. One of the big slowdowns between buyers and sellers is the collection and distribution financial due diligence to the buyer. Typically buyers are seeking to review such financials documents like:

-3 years of P&L statement (as well as YTD numbers)
-3 years of corporate tax statements

3 years of P&L's and tax statements are the minimum required documents needed by buyers in order to go forward. If you have these documents ready-at-hand when the buyer asks for them, you'll look very professional and well-organized. If it takes you weeks or even months to collect these items, the buyer may become disinterested and move on.

If you have any questions about selling your independent P&C insurance agency, please contact us at:

[email protected]
-614-398-2830

06/28/2019

When selling your insurance agency, it's important to consider the impact of capital gains' taxes. Many sellers will start the process of selling their agencies only to change their minds once they realize how much they'll pay in taxes upon completion of the sale. Depending on your income level, most people will pay either 15% or 20% of the money they receive to the federal government in taxes. This is in addition to any taxes you will owe at the state level. In short, contact a qualified CPA today to talk about the subject before you get too far into the selling process.

If you have any further questions about selling your independent insurance agency, please contact us at Ron Christopher Co., Inc.:

Ph: 614-398-2830
Email: [email protected]

01/24/2019

Some insurance agency owners don't get the value out of their businesses that they deserve when they retire. We ran across a former agency owner yesterday that simply retired and didn't sell his agency. In fact, he basically let the agency's business slowly die without receiving the monetary benefit out of the business. Don't be this type of agency owner that doesn't get the money they deserve. If you are seeking to retire in the coming year or two, give us a call here at Ron Christopher Co. to discuss your options.

Joel Farley, President
Ph: 614-398-2830

01/03/2019

If you are thinking about selling your independent insurance agency, it is something that doesn't happen overnight. Typically you are looking at 4-6 months minimum in order to sell your agency if all goes right. Thus, don't wait to the last minute in order to start the process.

If you have any questions about selling your independent insurance agency, please give us a call here at Ron Christopher Co., Inc. to answer any questions:

Ph: 614-245-8230
Email: [email protected]
www.ronchristophercompany.com

11/08/2018

Many of you are seeking to buy an independent P&C agency but are having a hard time finding one for sale. Please talk to us here at Ron Christopher Co., Inc. about doing a proactive search as it's only $75 per hour. Results are guaranteed.

Contact Joel Farley at:

[email protected]

11/07/2017

We are happy to announce that we've completed our 14th Mergers & Acquisitions transactions in 2017 with an independent insurance agency in Washington State. If you are seeking to either buy or sell an insurance agency, please contact us.

Ph: 614-398-2830, Email: [email protected]

05/16/2017

Whether you are buying or selling an insurance agency, the allocation of the purchase price should be brought up early in the negotiations. How things are allocated will affect future taxes paid by buyer and/or the seller.

"The Complete Guide to Selling a Business" is an excellent tool for understanding the subject further. We highly recommend that you get a copy of the book before you buy or sell an agency.

Address

Columbus, OH

Telephone

+16143982830

Website

https://ronchristophercompany.com/

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