Many insurance agency owners wait until they're ready to sell before getting a valuation. This is a critical mistake that can cost you significantly—both in missed opportunities and in final sale price.
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Discover why timing matters when selling your insurance agency. Learn how proper preparation can increase your agency's value by 20%+ and explore proven strategies from a leading M&A advisory firm with over $5B in successful insurance agency transactions.
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Often when I talk to sellers they have a pre-conceived idea of what their business is worth; 2.5x revenue, 3x revenue, 8x earnings?
While convenient, thinking your firm is worth 2.5x revenue because you are a standard lines retail agency, is a large and unnecessary risk for business owners. Unless you’ve positioned yourself financially to the point where it doesn’t matter what price you get, you’re banking your retirement and your family’s future well-being on a guess.
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