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SBA Pre-Qualified: 6 Y/o Absentee-Owner Niche Subscription Service

12 December 2018

    Annual revenues

    $105,945

    Annual profit

    $92,619

    Multiplier

    x 4.16

    Asking price

    $385,000

    Business description

    This niche subscription business caters to insurance brokers, providing them valuable research information by procuring open records data related to workers compensation.

    The business currently operates in just 1 out of 30+ states that provide similar open records data, providing a significant expansion opportunity.

    With the owner being an active insurance broker himself, this has always been a side business for him and has never been actively marketed or worked on. The 35+ annual subscribers have all been acquired solely through word of mouth.

    Churn rates are virtually non-existent, with revenues having remained steady for nearly 5 years.

    This is an incredible opportunity for someone with the passion and knowledge to market the business and increase its customer base.

    This listing is managed by Bryan O’Neil.

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