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Cherry Insurance Inc.

Insurance Agencies and Brokerages · Brandon, FL

Cherry Insurance Inc. is a business in Brandon, Florida, listed under insurance agencies and brokerages, with 1 to 4 staff, as recorded in 2020 to 2021. From 2023 to 2026, similar businesses sold for about $370K to $1.3M.

Public record

Industry
Insurance Agencies and Brokerages (NAICS 524210, as reported by the business)
Location
Brandon, Florida
Staff
1 to 4 people (as reported in 2020 to 2021)
Local rank
#8 of 20 businesses in Brandon listed under insurance agencies and brokerages, by staff size (2020 to 2021)
As of
2020 to 2021. Details may have changed since then.

What businesses like this sell for

Businesses in Insurance Agencies and Brokerages with 1 to 4 staff, bought 2023 to 2026. Based on 150 purchases.

Loans used to buy them

$310K to $1.1M

Middle loan about $680K

Estimated purchase prices

$370K to $1.3M

Middle price about $790K

How we estimate the price: the records show the loan behind each purchase, not the price. Buyers usually borrow about 85% of the price, so we divide the loan by 0.85. The ranges show the middle half of purchases. This is not a valuation of Cherry Insurance Inc..

Financials of businesses like this

Average revenue

$324K

a year

Average payroll

$90K

28% of revenue

Average staff

1.8

people

US averages for insurance agencies and brokerages with fewer than 5 staff, 2022 (91,066 businesses). These are not Cherry Insurance Inc.'s own figures; its own revenue and profit are what a valuation needs.

Value Cherry Insurance Inc. on Value Alpha

Buying, selling or advising on Cherry Insurance Inc.? Add its revenue, profit and owner pay, or upload the statements, and get a valuation range with bear, base and bull cases, built from comparable companies and completed sales in its industry.

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Agencies, Brokerages, and Other Insurance Related Activities in Florida: the sale report

Sale ranges by staff size and how to value one, by email.

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Questions

How much is a business listed under insurance agencies and brokerages worth in Florida?
From 2023 to 2026, businesses listed under insurance agencies and brokerages with 1 to 4 staff sold for about $370K to $1.3M, with a middle price of about $790K, based on 150 purchases. A business's own value depends on its revenue, profit and owner pay.
How current is the information about Cherry Insurance Inc.?
The industry and staff numbers were reported by the business in 2020 to 2021 and may have changed since then.
How can the owner of Cherry Insurance Inc. get a valuation?
Claim the business, upload one document that shows its name, and add revenue, profit and owner pay. The valuation can start while the document is reviewed.

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