Mercury Book of Business for Growth Potential!
Business Description
Mercury Book's Potential!
Decade old multi-line Mercury agency has consistently brought in more than $250,000 in annual commission for the last for few years. Currently, with 691 policies in force, Due to loss ratio issue Mercury is no longer permitting new business. The agency can provide endorsements and make policy changes and updates.
Client retention rate is 92 percent.
A Buyer MUST have sufficient financial credentials to qualify and have an existing Mercury appointment in good standing. The Buyer’s agency should generate at least $2 million in premiums to absorb current loss ratios.
The two highest-producing lines are Personal Auto and Personal Property. Personal Umbrella was the fastest-growing line in 2024. Year to date Commissions are $186,157.75 with premiums at $1,615,968.
Mercury has approved the sale. Conversations with the regional representative can be scheduled once an LOI has been signed.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Client retention rate is 92 percent.
A Buyer MUST have sufficient financial credentials to qualify and have an existing Mercury appointment in good standing. The Buyer’s agency should generate at least $2 million in premiums to absorb current loss ratios.
The two highest-producing lines are Personal Auto and Personal Property. Personal Umbrella was the fastest-growing line in 2024. Year to date Commissions are $186,157.75 with premiums at $1,615,968.
Mercury has approved the sale. Conversations with the regional representative can be scheduled once an LOI has been signed.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
- Years in Operation
- 14
- Number of Employees
- 1
- Facilities & Assets
- No facilities are included with this transaction.
- Market Outlook / Competition
- Established Mercury policies are highly sought after.
- Opportunities for Growth
- By integrating these policies into their operations, a buyer can quickly expand market share and revenue.
About the Sale
- Seller Motivation
- To ensure client needs are prioritized and well served.
- Transition Support
- To ensure a smooth transition and ongoing success, the Sellers will work with a buyer for one month, up to 10 hours a week.
Listing Info
- ID
- 2359997
- Listing Views
- 950
Listing ID: 2359997 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 of Use. Learn how to avoid scams.
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