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50% Mercury Insurance Agency for Sale, 1200 Total Policies in Force, Ontario, California

Insurance Agency for Sale

 

 

Asking Price: $350,000

Cash Flow: $82,942

Gross Revenue: $152,915

Established: 1990

Business Description

Mostly Standard Insurance Agency - 65% Auto 28% Home!

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

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:  $230k down. $120k Balance $2264.55 / Mo. for 60 Months

Support & Training:  4 weeks at 20 hours per week.

Reason for Selling:  Owner needs to take care of mother.

If you are interested in this insurance agency for sale, please contact Tina Zeng at 833-776-6682 work, 949-864-6436 mobile, or via email at tina@pronovapartners.com.

Contact Information

Tina Zeng
tina@pronovapartners.com
Phone: 833-776-6682 work, 949-864-6436 mobile

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