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Service Provider to the Insurance Industry for Sale in Southwest Missouri

(417) 581-8887

42500005
Southwest Missouri
$599,000
$59,900
$975,894
$235,327
$15,000
Highlights of Business
- Increasing sales and profitability each year. Business is up 7.0% in 2020
- Two top clients have projected increased volume for 2021
- Niche business with few competitors
- Business is operated with just a few employees besides the owners
- Business well established and respected in the industry
- Immediate profitability – take over one day, be profitable the next
- Seller will train
- SBA financing available, which means lower down payment requirements and longer terms
- Sellers will sign a non-compete agreement
The seller of this business is representing that the Discretionary Earnings of the business for 2020 were $235,327, and that they can prove it to a buyer and the buyer's accountant's satisfaction. Discretionary Earnings are also known as Total Owner Benefit or Total Cash Flow to Owner, and is the amount another owner of the business would have had available to service the debt on a loan taken out to purchase the business, and pay themselves a salary, had they owned the business and operated it no better nor worse than the current owner. Discretionary Earnings are calculated BEFORE income taxes.

This business is owned by 2 partners. One wishes to retire, but the other would consider staying on should the buyer wish him to do so. This could be an ideal situation for a buyer to 'learn the ropes' from him if the buyer is not familiar with the types of services the company provides. A provision for a salary to replace one of the owners has already been made in the calculation of the Discretionary Earnings.

IMPORTANT FINANCING NOTICE: A provision of the Covid Relief Act signed in December specifies that the government will make the payments on all SBA loans issued between Feb 1 and Sep 30 of 2021 for the first three months of the loan. In addition, all of the SBA borrower fees normally charged will be waived.

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The information above has been provided by the seller and/or the seller’s financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.