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- RE: Mercury Book Of Business For Growth Potential!
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $599,000 | |
| 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:
Decade old multi-line Mercury agency has consistently brought in more than $250,000 in annual commission for the last for few years. Currently, with 691 policies in force, Due to loss ratio issue Mercury is no longer permitting new business. The agency can provide endorsements and make policy changes and updates.
Client retention rate is 92 percent.
A Buyer MUST have sufficient financial credentials to qualify and have an existing Mercury appointment in good standing. The Buyer’s agency should generate at least $2 million in premiums to absorb current loss ratios.
The two highest-producing lines are Personal Auto and Personal Property. Personal Umbrella was the fastest-growing line in 2024. Year to date Commissions are $186,157.75 with premiums at $1,615,968.
Mercury has approved the sale. Conversations with the regional representative can be scheduled once an LOI has been signed.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this 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:
To ensure client needs are prioritized and well served. Kindly ask the seller for more information.
Additional 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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