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Businesses for sale or trade Businesses for sale or trade > Rhode Island > Providence >

Active ID: 16829 Own Your Own Insurance Company that's 43 years old

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Swap For Location(s):
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Will swap for:

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I am open for the right buyer who has the ability to activate the license and make my back end worth millions with my 7 1/2%. Feel that anyone willing to give me acceptable assets for my $750k. I was CEO of insurance company and bought this company to write our liability insurance, but changed direction after selling main insurance company.

Value: $750,000
City: Providence
State or Country: Rhode Island

Description: Insurance Company that's not active needs $3 million to capitalize to activate the 43 year old license. It's a legislative chartered insurance company created by the Rhode Island Legislature in January 1972, its authorized to write liability insurance. Once activated you can apply in 32 other states and once those states are activated this company will be worth $25 to $30 million or you can write offers for real estate with nothing down guaranteed by a licensed insurance company who will issue a bond. There are no limits on the number of bonds you can write and you can buy time to rehab properties, get loans in place without paying the normal upfront monies to sellers. I am keeping 7 1/2% on back end as well as my asking price.

Swap Type:

I can add other assets I can add other assets
I own free and clear I own free and clear

public swap proposal

Contact ..name hidden..    view profile

If no phone number is listed then seller decided not to disclose this information. Please email seller via the public or private swap proposal tools below.
Public & 3-way Swap Proposals: (2)add
Trade proposal by: Stephen Barker (no listing ID provided)
December 22, 2015
I am interested in your insurance company offering and would like to discuss more fully. Please contact me at your earliest convenience at 704-332-0866. Thanks SB
Trade proposal by: pedro cornejo > my listing #...
October 29, 2016
Hello, if you are interested in a property in Quito, Ecuador, please take a look.

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This ad has been viewed 1555 times. Last modified: 06/17/2015
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