Question: Interest rates have increased, so what does that mean for insurance agencies looking to sell their business? Many buyers in the market to purchase insurance agencies borrow money to pay for the agencies they buy. A loan will cause the cost of the purchase to...
Question: “I have decided that I need to sell my insurance agency, so is it a financial or emotional decision?” Show me the money! If you think I am going to say it is not about money, you would be wrong. The decision to sell usually starts as a financial...
There are two important takeaways in this article. First, you can’t spend a multiple. Second, hire a reputable advisor who will ensure you understand your real value, not just the multiple. If you are considering selling your agency, you should stop here and call...
As part of our day-to-day, we spend a lot of time speaking with those responsible for purchasing independent insurance agencies as we look for the right fit for our clients. Many of the buyers that I speak to would rather contact agency leadership directly and avoid...
Have you called your cable company lately and told them you are having a problem with their service? If your experience is anything like mine, you go from client to service team member before you know it. It takes you 20 minutes to speak to a live person, 10 minutes...
As we predicted, the M&A market is very active right now. We are getting a lot of calls from Agency Owners who are exploring their options, and they want to know “Why Sukay?”. Our Difference The reality is, it is hard for us to define our value...
