OFF-MARKET-Portable Mercury and Progressive Book of Businesss For Sale

OFF-MARKET ‘Q3 2024

POCKET LISTING – Portable Mercury ($1.1MM Premium) and Progressive ($356k) Book of Biz ONLY W/Low Loss Ratios

Relocatable – most clients are SoCal

Asking Price: $770,000 (minimum required bid – cash only – no bank financing etc….so unless you’re liquid PASS PLEASE).

Cash Flow: $180,000

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2008

Employees: N/A

Business Description:

This is primarily a Mercury Book with a phenomenal loss ratio and they have been receiving bonuses every year, Progressive also is amazing loss ratio. This is for the book only, does not include trade name, staff, or any of that other junk, so just think of it as a block of policies and future revenue streams thereto. I know the Seller personally as I’ve worked with them in the past on deals so they are trustworthy and will help facilitate the transfer to the Buyer and renewal inquiries etc…that route to them accidentally will be re-routed to your organization. 1,084 policies total, 488 with Mercury, 236 Progressive, and most others below 60 policies spread across +/- 25 carriers.

NDA is required {SUBMIT BELOW} to secure the book of business info. on file with ProNova Partners.

Detailed Information

Facilities:
N/A

Competition:
Insurance is competitive. You all know this.

Growth & Expansion:
Cross-sales of existing clients could be highly rewarding.

Financing:
Cash only. Minimum bid is 3.5x since such low loss ratios and high retention and it’s the best Mercury book I’ve seen in a long time.

Support & Training:
Minimal, just a renewal book. You either can service it and integrate it or you can’t.

Reason for Selling:
Focus on core insurance operation.