OFF-MARKET-Allstate Insurance Agency for Sale – (Middletown, CT)

OFF-MARKET PRESENTLY

Find Allstate Office Insurance Agency for Sale! 

Outstanding Business Opportunity with this Allstate Office Solid Entry Level Renewal Book 1x Gross & 1.5x Net!

This agency is priced for a 6 week or less sale!

Ideal transaction closing time frame is by May 1, 2018 or earlier! 

Agency Description:

• Established: 2014
• Middletown, CT (Middlesex County)
• Zip Code: 06457
• Asking Price: $150,000
• Cash Flow: $100,000
• Gross Revenue: $153,000
• EBITDA: N/A
• FF&E: $5,000
• Inventory: N/A

Insurance Agency – Business Description

• Total premium is $1.183MM, with $867k with Allstate and $316k with Ivantage.
• Very balanced book of business, 336 Auto, 425 Home, 86 Commercial & 25 Financial.
• Secured contingency bonuses in 2016 & 2015.
• No client exceeds $2,000.00 in revenue, so this is a very solid stable
• Revenue stream to buy into at a 1.5x Net Multiplier. WILL NOT LAST!

Detailed Agency Information

• Inventory: N/A
• Established: 2014
• Employees: 1
• Furniture, Fixtures, & Equipment (FF&E): Included in asking price
• Facilities: Currently in converted residential home that is a professional services building, 700 square feet.
• Competition: Nearest Allstate agency is 3 miles away, competition is decent otherwise.
• Growth & Expansion: Good entry level acquisition target if it’s someone’s first purchase potentially due to price point, has been
  growing steadily since inception September 1, 2014.
• Support & Training: As needed.
• Reason for Selling: Other career pursuits.