MergerPlace

Established Allstate Agency

Virginia


  • Asking Price: $239,000
  • Gross Income: $130,265
  • Cash Flow: $61,727
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $5,864
  • Listing ID: #223281
  • Established: 2013
  • Employees: 2 FT

Business Description

This turnkey agency is ideal for any licensed insurance agent looking for a profitable book of business with one of the premier insurance carriers in the US. Allstate is known for exceptional products and customer service, and is a trusted brand in American households.

With $1.3MM in Agency Earned Premium and over 1200 policies inforce, this seasoned book of business generates over $130,000 in annual commissions with a 90%+ retention rate. The seller has focused primarily on P&C and auto, leaving ample opportunity to grow the individual lines side of the business. This agency is located in an affluent, growing community in the Richmond, VA metropolitan area.

As an Allstate agent, you can leverage the Allstate Integrated Service Center to help service your book while you focus on growing the business! Allstate offers amazing bonus opportunities as well.


Business Details

Primary Business Category: Finance - Insurance Carriers & Related
Location: Virginia

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $239,000
Gross Revenue: $130,265
Cash Flow: $61,727
FF&E: $5,864
Seller Financing Available: No

Property Information

Facilities:

Currently operates from a stand-alone facility on a month-to-month basis, $1150/mo. Easily relocatable within the territory.

Growth & expansion opportunities:

Allstate provides an amazing platform for growth. Build and leverage professional relationships in the local community to help your neighbors secure their future.

Competition:

The recent pandemic has created great uncertainty with the American consumer and has underscored the need to protect against risk. Insurance is more important than ever, and consumers turn to a trusted name like Allstate.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost Life and Annuities License P&C License

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers