OFF-MARKET-Large IE Preferred Personal Lines Insurance Agency for Sale

OFF-MARKET ‘Q4 2023

Large Preferred Personal Lines Insurance Agency – Mercury

Ontario, CA (San Bernardino County)

Asking Price: $6,000,000.00

Seller Financing possible with Acceptable Terms and Conditions

Cash Flow: $ 1,085,000.00

Gross Revenue: $1,467,109.00

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Employees: 3

Business Description:
This established, diversified independent agency is appointed by 117 of the top P&C, Standard and Non-Standard, Life, Commercial, and Home Carriers, and is offering its Agency and Book of Business. Of the approximate 3,970 policies, the distribution is 45% Auto, 15% Commercial 39% Home, and 1% Life.
2022 Annual Premiums were $6,383,000.

This booming, Inland Empire Insurance Agency is so successful thanks to the experience and vision of its two partners, each bringing more than two decades of experience and enthusiasm to this agency on day one. The agency quickly grew by capitalizing on the strengths both men had in the industry and their on-point philosophies in terms of customer service. They also strategically hired and trained and help license 5 capable and motivated producers.

From the beginning, the partners set out to create a technologically savvy environment to manage the vast selection of products for personal and business clients. QQ Solutions, Lightspeed Voice, Podium, FSC, and AgencyZoom have made a significant impact on how agents write, cross-sell, follow up, and market to customers.

The Business is well-suited for an established agency that wants to increase commercial policy offerings and grow internal cross-sales opportunities for additional residual income.

NDA is required {SUBMIT BELOW} to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information

Facilities:
Excellent location at a reasonable rate in a professional commercial building. The agency is close to two major N/S and E/W freeways within 60 minutes of Los Angeles.

Competition:
Through consistent marketing efforts, a Buyer can take this energy and licensed staff to build the business much bigger. Listening to the needs of clients, and looking for new commercial businesses in this booming area, while providing great customer service will make a big difference.

Growth & Expansion:
Continue training staff on how to find referral partners would create the greatest number of new opportunities. Keeping staff motivated, with the latest training, and maintaining updated technology will see continued growth.

Financing:
Potentially open with Acceptable (Short term) Terms and Conditions from qualified Buyers.

Support & Training:
To ensure a smooth transition and ongoing success the Seller will work with a buyer for a month, longer as an on-call consultant, or as negotiated.

Reason for Selling:
Sellers want to apply industry knowledge to broader applications.