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:
Number of Employees:
900 sq.ft. monthly rent $1,710 per month, expires in 2020.
Market Outlook/
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.
4 weeks at 20 hours per week.
Seller Financing:
If the price and deal structure is right.

Listing Info

Ad Detail Views:
Asking Price:

Gross Revenue:
Cash Flow:
(Seller's Discretionary Earnings)

 Not Disclosed
 Not Disclosed

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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