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Listed by:

ProNova Partners

Broker license number: 01820673

Well-Established South Bay Mercury And P&C Book For Sale

Torrance, California - South, US
Asking Price:
$1,800,000
Sales Revenue:
$546,423
Cash Flow:
$486,423

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.

Property Information

Premises Details:

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.

Business Operation

Expansion Potential:

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.

Competition / Market:

Through long-term Mercury relationships and new marketing and lead-generation efforts, competitors do not offer the same competitive carriers or customer service.

Reasons for selling:

The Seller plans to focus on his healthcare book of business.

Employees:
2
Years established:
31

Other Information

Support & training:

To ensure a smooth transition and ongoing success, the Seller will work with a buyer for a month, longer as anon-call consultant, or as negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

May be entertained under agreeable terms and conditions.

Listed by

ProNova Partners

Broker license number: 01820673

View 130 ProNova Partners listings