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Titusville, Brevard County, Florida
Asking Price
$675,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Ralph Cummings
Phone: Show phone number
Name
Ralph Cummings
Phone
Show phone number
Posting ID:
278399
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Mercury Book of Business for Growth Potential!
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CF : $ 264,500
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. Detailed Information Facilities: No facilities are included with this transaction. Competition: Established Mercury policies are highly sought after. Growth & Expansion: By integrating these policies into their operations, a buyer can quickly expand market share and revenue and potentially qualify for higher bonuses. Support & Training: To ensure a smooth transition and ongoing success, the Sellers will work with a buyer for one month, up to 10 hours a week. Reason for Selling: To ensure client needs are prioritized and well served.

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