SOLD ‘Q1 2024
NorCal Mercury and Safeco Book of Business for Sale
Hayward, CA (Alameda County)
Seller financing available if the price and deal structure is right.
Asking Price: $250,000
Cash Flow $103,041
Gross Revenue: $104,160
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 1990
Employees: 1 (Owner)
Business 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 {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
Not applicable with this book.
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 & Expansion:
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.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed for up to four weeks to ensure a smooth transfer of the book.
Reason for Selling:
Retirement
SOLD-NorCal Mercury and Safeco Book of Business for Sale
