List your insurance agency or search agencies for sale at NO COST as a complementary service from Oak Street Funding's Agency Exchange. We provide the marketplace where people look to buy an agency or sell an agency.
We have provided insurance agency loans in 46 states and have a large national network with agents and brokers of all sizes.
If you're a buyer, finding the right agency and then integrating it into an existing company can be challenging. And if you're selling, attracting the right buyer is critical. Take advantage of these and other resources that can help you buy or sell an agency.
Tax implications of buying and selling an agency >
How to prepare your agency for sales >
Deal origination: the art of locating the right deal >
5 Keys to buyer due diligence >
Making it through the M&A jungle >
Was it the Clash who sang, “Should I rent or should I own?” Ok, maybe not. But, after many years of speaking to many agencies from Indianapolis to the Casbah, renting vs. buying seems to be a common dilemma agents face across the country. Is it worth it to pay $15 per square foot for a building with poor signage and an HVAC system that’s iffy at best? If you’re sick of taking the stairs because the elevator is down — again — and are considering buying your own building, consider these factors.
Over the years, I have spoken with hundreds of insurance agents interested in purchasing an agency. The size and backgrounds of these hopeful acquirers have run the gamut; insurance veterans ready to break into the world of ownership, well-established agencies looking to expand their footprint, and large firms who have completed several purchases. No matter the size or experience level, you can set yourself up for the best possibility of success by answering the following questions before stepping up to the plate to take a swing at buying an agency.
Research by ConsumerReports® of more than 2 billion car insurance quotes from 700 carriers is stirring up consumer questions about how strong the correlation is between how well people drive and how much they pay for insurance. The consumer advocates discovered rate quotes are increasingly based on socioeconomic factors like credit history and state it’s difficult for consumers to compare quotes because pricing is so complex and confusing. As the company calls for people to join efforts to demand price-setting practices from insurers and regulators, hundreds of consumers have spoken out on issue via social media.
Get a loan to acquire an agency, grow your insurance business, invest in technology, pay off business debt, hire top producers or employees – without risking your customers or control of your business.
Have an insurance agency to sell? List it here for exposure to thousands of prospective buyers.
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