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Torrance, Los Angeles County, California
Well-Established South Bay Mercury & P&C Book
Asking Price
$1,800,000
Revenue
$546,423
Down
Call/Email
Cash Flow
$486,423
Description
Potential Buyers of this book MUST have a California Mercury Appointment.
Individuals and local business owners have long benefited from tailored auto,general liability, renters, commercial, watercraft, motorcycle, and umbrella policies. The Seller boasts high retention rates and a stable base of long-term clients. Retention is approximately 93% for P&C, representing stable, long-term clients. The policy breakdown is approximately 23% homeowners, 70% auto, and 5% commercial. There are 806 Mercury policies.
The use of modern technology has made processes more efficient, turning the operation into a turnkey operation for a Buyer.
The business uses QQ Catalyst CRM and integrated rating platforms, including FSC Rater and PL Rater.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Business Details
Year Established:
1995
Employees:
2
Reason for sale:
The Seller plans to focus on his healthcare book of business.
Support & Training:
To ensure a smooth transition and ongoing success, the Seller will work with a buyer for a month, longer as anon-call consultant, or as negotiated.
Property Information
Premises Details:
Excellent location at $2,900 per month. Since this is primarily a book roll, Buyer will have the option to take over the current space/lease or find another Mercury-approved location nearby in the busy South Bay communities.
Posting Information
Posting ID:
1603380
Business Category:
Banking & Finance
Business Types:
Insurance Service, Insurance Brokerage
Attributes:
Owner/Seller Financing
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Well-Established South Bay Mercury & P&C Book
Posting ID
#1603380
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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