50% Mercury Insurance Agency 1,200 Total Policies In Force

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Ideal for existing Mercury Agent seeking a 2nd or 3rd+ Location!

Business Description

Gross income is $152k, including $148K commission and $4K 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.

About the Business

Year Established:
1990
Number of Employees:
2
Facilities:
900 sq.ft. monthly rent $1,710 per month, expires in 2020.
Market Outlook/
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.
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About the Sale

Reason For Selling:
Owner needs to take care of mother.
Training/Support:
4 weeks at 20 hours per week.
Seller Financing:
If the price and deal structure is right.

Listing Info

ID:
1488726
Ad Detail Views:
819
Asking Price:
$225,000

Gross Revenue:
$152,915
Cash Flow:
$82,942
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$5,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Tina Zeng, MBA

ProNova Partners
License# 01869984

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U.S. Census Data for San Bernardino County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for San Bernardino County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
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