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- RE: Well-Established South Bay Mercury & P&C Book
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $1,800,000 | |
| Annual Revenue: | $546,423 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $486,423 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 2 | |
| BBN Listing #: | 1014175 | |
| Broker Reference #: | 1512 INSURANCE |
Business Overview:
This South Bay-based Mercury and Independent Property & Casualty book of business has provided comprehensive coverage of its community’s evolving needs for nearly 30 years. Thanks to long-standing relationships with top carriers such as Mercury, Safeco, Kemper, Progressive, National General, Foremost, and Pacific Specialty, the business operates as a comprehensive insurance hub.
Potential Buyers of this book MUST have a California Mercury Appointment.
Individuals and local business owners have long benefited from tailored auto,general liability, renters, commercial, watercraft, motorcycle, and umbrella policies. The Seller boasts high retention rates and a stable base of long-term clients. Retention is approximately 93% for P&C, representing stable, long-term clients. The policy breakdown is approximately 23% homeowners, 70% auto, and 5% commercial. There are 806 Mercury policies.
The use of modern technology has made processes more efficient, turning the operation into a turnkey operation for a Buyer.
The business uses QQ Catalyst CRM and integrated rating platforms, including FSC Rater and PL Rater.
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:
Facilities: Excellent location at $2,900 per month. Since this is primarily a book roll, Buyer will have the option to take over the current space/lease or find another Mercury-approved location nearby in the busy South Bay communities.
Market Competition and Expansion:
Competition: Through long-term Mercury relationships and new marketing and lead-generation efforts, competitors do not offer the same competitive carriers or customer service.
Growth & Expansion: Hiring additional agents and conducting targeted advertising would be beneficial, as would focused cross-selling efforts. This means greater diversification and opportunities for adding new clients and cross-sales with Home and Auto insurance.
Reason for Selling:
The Seller plans to focus on his healthcare book of business. 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
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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