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

Ontario, CA (San Bernardino County)

Seller Financing Available
50% Mercury Insurance Agency 1,200 Total Policies In Force
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Asking Price: Get Financing: $225,000

Cash Flow: $82,942

Gross Revenue: $152,915

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Established: 1990

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

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Business Description

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

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.

Detailed Information

Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
900 sq.ft. monthly rent $1,710 per month, expires in 2020.
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.
Financing:
If the price and deal structure is right.
Support & Training:
4 weeks at 20 hours per week.
Reason for Selling:
Owner needs to take care of mother.
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Contact the Seller

(from currently available funds)
 
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Tina Zeng, MBA

Business Listed By:
Tina Zeng

ProNova Partners

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