Josh Malang's retail agency generated $400,000 to $450,000 ARR prior to divestment
Josh Malang · He Sold $400k Business for $1.5m Then Reinvested Everything into New Business · Feb 28, 2021 · at 9:15
Josh Malang recounts the historical recurring revenue of his retail insurance agency to Nathan Latka before selling off its divisions.
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“A year ago, right around, before I started selling everything off, we're at about four or 50 K off our original business in an ARR.”
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More from Josh Malang
Malang's company generated $120,000 in its first month with a channel partner
“We actually generate about a 120,000 revenue in our first month with a channel partner.”
Josh Malang's company pays a 30% revenue share to wholesale channel partners
“So we, we'll carve off about 30% of that.”
Josh Malang sold his retail insurance business lines for $1.5 million
“All in is about a million and a half bucks.”
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