Understanding Your Agency’s Value is Crucial

Private Equity Firms are on the chase, and there is a very good chance that they will be calling you.

Find out why understanding your agency value is crucial right now.

As a reminder, we offer Free Insurance Agency Valuations for qualified agencies.

Why Understanding Your Agency Value is Crucial Right Now

Private Equity Firms are on the chase, and there is a very good chance that they will be calling you. Find out why understanding your agency value is crucial right now.As a reminder, we offer Free Insurance Agency Valuations for qualified agencies. Contact us!📱 215-208-8519 ✉️ jbiasiello@sukayassociates.com💻 https://sukayassociates.com/free-insurance-agency-valuations/

Posted by Sukay & Associates on Tuesday, June 9, 2020

Understanding Your Agency Value

I hope this finds you happy, healthy, back in business, helping your clients, and bringing back your employees.

I read an article yesterday that was put out by PWC and it stated that the Private Equity Market is out there with lots of money and they’re looking for bargains. If you follow us, that won’t be a surprise to you because we talked about this in our last video.

One of the things we are talking to our clients about right now is to make sure that they understand their value in this time. It’s a very difficult time, businesses are coming back, but it’s slow and private equities are trying to take advantage of that by being out there and lowering multiples for not only insurance agencies but for other businesses that they’re buying. So, if you’re out there and you want to enter in a process of looking to see what your value is, or you’re looking to sell your agency, my suggestion is the first thing you should do is understand your value.

Knowing your value is probably one of the most important things you can do especially at this time because you will be contacted by these private equities because there are ‘on the chase’ and they need to invest this money.

The second thing is, if you do enter into a process, don’t try and do it alone. It’s very difficult to get through this process. I urge you to talk to some of the people and some of the clients that are out on our website and speak to them. They can tell you about the process and also give you some good insights. If you have any questions, please feel free to reach out to us on our website.

I hope everyone has a great week and a great day.

Complimentary Agency Valuations. No strings attached.

As Financial Advisors who represent insurance agencies and brokers in business transactions, one commonly asked question we get is

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 is 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 above is our responsibility and the foundation of a great working relationship – even if that is in the future. Because of this, we unlike most firms, offer free insurance agency valuations for those who qualify.

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