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- RE: Restoration Op: Maximize Mercury Book's Potential!
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $264,500 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $264,500 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2011 | |
| Employees: | 1 | |
| BBN Listing #: | 990952 | |
| Broker Reference #: | 1391 INSURANCE |
Business Overview:
Unfortunate losses have resulted in Mercury terminating this appointment. The Seller has 703 policies in force with Mercury Casualty Company and Mercury Insurance Company, dating back to 2012.
A Buyer MUST have sufficient financial credentials to qualify and a Mercury appointment in good standing. Buyers MUST have more than $10 million in premiums to absorb the loss ratios.
The two highest-producing lines are Personal Auto and Personal Property. Personal Umbrella was the fastest-growing line in 2024.
A Mercury representative has approved a sale, as long as it is complete and the transfer is official, before 6/30/2025.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
No facilities are included with this transaction.
Market Competition and Expansion:
Competition: Established Mercury policies are highly sought after.
Growth & Expansion: By integrating these policies into their operations, a buyer can quickly expand market share and revenue and potentially qualify for higher bonuses.
Reason for Selling:
Termination of AppointmentAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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