Business For Sale

50% Mercury Insurance Agency 1,200 Total Policies

Ontario, CA
San Bernardino County

Asking Price: Annual Revenue:
$225,000 $152,915

Services: Financial, Accounting, Insurance

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RE: 50% Mercury Insurance Agency 1,200 Total Policies Broker: Rick Carlson
Owner Financing is Available!
If the price and deal structure is right.

Quick Facts

Asking Price: $225,000
Annual Revenue: $152,915
Net Profit: Not Disclosed
Cash Flow: $82,942
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 2
BBN Listing #: 359827574
Broker Reference #: 720 Insurance

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Business Overview:

Gross income is $152,000, including $148,000 commission and $4,000 broker fee. Commission takes majority portion at approximately 95%. Auto 65%, home 28%, commercial 7%. It has a mix of Chinese, English and Spanish speaking clientele. Net Income we believe should be around $82K. It could be higher for a strategic buyer who has existing operations, because some expenses can be shared.

Standard book of business = higher retention rate. The location has been established for 28 years – long history, minimal competition nearby. Currently 90% relying on referrals and 10% walk-in. Established agency management system and updated computer system in place (included in the FF&E). High sales conversion rate of 60%. Direct bill 100%. NDA is required for first round package on the book of business crafted by ProNova Partners.

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Property Features and Assets:

Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: 900 square feet monthly rent $1,710 per month, expires in 2020.

Market Competition and Expansion:

Competition: Competition not as fierce as other areas in Southern California. Growth & Expansion: Expand through digital marketing. Build a website, more advertising, seminars and training / business development programs.

Reason for Selling:

Owner needs to take care of mother.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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