San Bernardino County, CA Insurance Agencies For Sale

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Existing Farmers Agency OpportunityResidual Income and Equity
Existing Farmers Agency OpportunityResidual Income and Equity

San Bernardino County, CA

We are looking for someone to step in and take over established Book of Business in the Ontario, CA area. New Business Bonus Program Available $10,000 Office Start Up Bonus Available Sign on Bonuses for Bi-Lingual & Military Candidates Quarterly Life Growth Bonus Opportunity Quarterly Profitable Growth Bonus Opportunity Annual Commercial Growth Bonus Opportunity Achievement Clubs and Travel Awards Instant Agency Equity and Ability to Sell Full Training and Support Provided Residual income stream Agencies Available: (Ontario) PIF: (Policies in Force) 745 - $76,000 Total Commission (2017) Asking Price: $50,000 (East Riverside County) PIF: (Policies in Force) 878 - $116,000 Total Commission (2017) Asking Price: $116,000 (Rancho Cucamonga) PIF: (Policies in Force) 731 - $108,000 Total Commission (2017) Asking Price $108,000 (North East Orange County) PIF: (Policies in force) 422 - $54,000 Total Commission (2017) Asking Price $54,000 (Ontario) PIF: (Policies in Force) 897 - $120,000 Total Commission (2017) Asking Price $120,000 Candidate Requirements: • Pass background Check (credit, criminal, driving record) • Minimum of $50,000 in liquid assets seasoned 60 days in the bank • Have or acquire a P&C, Life & Health Licenses (We can guide you through this) • Farmers branded Office Location • For more info contact: Oscar Castaneda 909-605-0300 ocastaneda@farmersagent.com

50% Mercury Insurance Agency 1,200 Total Policies In Force
$300,000 Cash Flow: $82,942 Seller Financing
50% Mercury Insurance Agency 1,200 Total Policies In Force

Ontario, CA

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.


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