What would you do? (assuming minimal experience in insurance industry if that matters in your advice)
Would you start an Indy P&C agency from scratch or purchase the interest in an established Allstate book of business that is in a $1.2 - $2.2M premium range? If you answer is AS, I further ask would you pay more for $2+M or try to find a $1.5M?
The general advice on this site favors IA, but what about IA startup vs a book of business.
I guess the tradeoff in my mind is this:
Startup with less out of pocket and grow slowly, either no debt or minimal
Purchase existing and undertake
Source of insurance-forums.net
Would you start an Indy P&C agency from scratch or purchase the interest in an established Allstate book of business that is in a $1.2 - $2.2M premium range? If you answer is AS, I further ask would you pay more for $2+M or try to find a $1.5M?
The general advice on this site favors IA, but what about IA startup vs a book of business.
I guess the tradeoff in my mind is this:
Startup with less out of pocket and grow slowly, either no debt or minimal
Purchase existing and undertake
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