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Well-Established South Bay Mercury & P&C Book

Los Angeles, California

| BizBen.com

https://www.bizben.com/business-for-sale/wellestablished-south-bay-mercury-pc-book-1603380

Torrance, Los Angeles County, California

Well-Established South Bay Mercury & P&C Book

Name: Well-Established South Bay Mercury & P&C Book
Address: Torrance, California, US

Asking Price

$1,800,000

Revenue

$546,423

Down

Call/Email

Cash Flow

$486,423

Description

This South Bay-based Mercury and Independent Property & Casualty book of business has provided comprehensive coverage of its community’s evolving needs for nearly 30 years. Thanks to long-standing relationships with top carriers such as Mercury, Safeco, Kemper, Progressive, National General, Foremost, and Pacific Specialty, the business operates as a comprehensive insurance hub.

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.

To get more information about this Well-Established South Bay Mercury & P&C Book business for sale in Torrance, California please contact Rick Carlson (Broker - BRE License #:01820673) at info@pronovapartners.com or +18337766682

Business Details

Year Established:

1995

Employees:

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

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Contact Form

“Hi, I’m interested in this business. Is it still available?”

“Could you share more details about the business?”

“When would be a good time for a quick call?”

By submitting this form, I agree to BizBen's Terms of Use.*

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

Name:

Rick Carlson

Phone Number:

+18337766682

Contact Email:

info@pronovapartners.com

Contact Form

“Hi, I’m interested in this business. Is it still available?”

“Could you share more details about the business?”

“When would be a good time for a quick call?”

By submitting this form, I agree to BizBen's Terms of Use.*

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