Looking for a buyer.
Approx 1150 policies in force and close to $2.4MM in premiums. Nearly 70% of commission income comes from Mercury and represents preferred personal lines – home and auto. There is a small percentage of nonstandard auto, some commercial lines and group health. Seller has been pulling back from operating this business for a few years now, and the two employees run the day to day. Seller is ready to retire from insurance and seeks a Buyer who is appointed with Mercury to take over the Business. Excellent roll up opportunity for a Buyer who can continue to take care of these clients and who can offer additional products as well. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: 882SF office in the San Fernando Valley that is on a month-to-month lease. Rent is $2526 per month. All FF&E can be included with the sale if desired. Competition: Competition among insurance agencies and among carriers in Los Angeles is highly fragmented. Mercury offers very competitive rates in preferred personal lines, and clients tend to stay with Mercury for a long time as those rates are hard to beat. Growth & Expansion: This book really hasn’t been worked for cross selling or upselling in a long time – so there will be some opportunity there for a Buyer who knows how to do this well and who has additional products they can offer to these customers. Financing: Cash Sale preferred – but make an offer and the Seller will evaluate terms on a case by case basis. Support & Training: Reasonable transition terms to be negotiated to ensure a smooth transfer of the book of business to the Buyer. Reason for Selling: Leaving insurance and pursuing other business and personal interests.

listing type
exclusive representation
Los Angeles, CA, USA
proposed price
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