Financial advisors who represent insurance brokers in business transactions, one commonly asked question “How much is my agency worth?”. It is one topic that each and every agency owner wants to discuss. It would be nice if we had one simple answer; unfortunately, there is no simple answer.
It’s impossible to estimate the value of an insurance agency without performing a financial analysis. Earnings of an agency are the main influencing factor, however, there are 9 factors that we take into consideration.
As a firm, we believe in answering the question is our responsibility and the foundation of a great working relationship – even if that is in the future. Because of this, we are not like most firms, offering free insurance agency valuations for those who qualify.
Because there are multiple things that affect an insurance agency valuation and by getting the correct overall score will save you time, money, and headaches later on down the road. Here at Sukay & Associates, we do a thorough valuation including checking profitability, growth, long-term acquired customers and more! We don’t just offer insurance agency valuation services. Because it’s important to check with experts when it comes to buying an insurance agency, selling an insurance agency, and more be sure to check out our other services!
Ensuring you get the most accurate insurance agency valuation is of our highest priority.
Fill out the form to get a professional and accurate answer to your most burning question!