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NorCal Mercury And Safeco Book Of Business For Sale Agent: Karen Rennick

Hayward, CA, USA
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Businesses For Sale | Insurance Businesses and Agencies For Sale

Listing ID : 426240

Posted on January 2, 2024 View Count 2

Price :
$250,000
Business Financials & Assets :
Gross Revenue:
$104,160
Cash Flow:
$103,041
Year Established:
1990
Property Details :
Business Details :
Competition:
There is enough business to go around, and individuals can build their businesses as big as they want if they work hard enough. These are very loyal clients, and with the right transition and continued service, these clients will stick.
Growth and Expansion Opportunities:
Primarily a renewal book. As the Seller has been servicing the book in recent years more than producing, he is getting lower commission rates from these carriers than many Buyers may be getting, presenting an opportunity for upside as well as any cross-sell possibilities.
Terms :
Financing:
Seller financing available if the price and deal structure is right.
Support & Training Offered:
As needed for up to four weeks to ensure a smooth transfer of the book.
Reason for Selling:
Retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

The Seller of this established agency has been providing a high level of service with meticulous attention to detail for over 30 years, resulting in many long-term clients and excellent loss ratios. Just over 200 clients and over 300 policies, most of which are placed with Mercury. For a Buyer who is already appointed with Mercury, Safeco, and Foremost, this is an excellent roll up opportunity.

Gross and net income listed above are an average of the last 3 years. P&Ls for 2020 – 2022 and an estimate for YTD 2023 are provided in the CIM.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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