OFF-MARKET-Seasoned Allstate Agency for Sale – (Nassau County, NY)

OFF-MARKET PRESENTLY

Find Allstate Insurance Agency for Sale! 

25 Year Old Allstate Office – Excellent Retention & High Net Business for Sale!

This agency will not last, it is priced right, with OVER 2,000 Active Policies!

Great business opportunity to expand your current Allstate book, or buy into one!

This business foundation has been poured solid, and turn key ready for the next buyer!

Agency Description:

• Established:1993
• Valley Stream, NY (Nassau County)
• Zip Code: 11580
• Asking Price: $970,000
• Cash Flow: $265,500
• Gross Revenue: $336,874
• EBITDA: N/A
• FF&E: $5,000
• Inventory: N/A

Insurance Agency – Business Description

• Excellent book with very strong retention!
• Over 2,000 policies in force!
• 60% Auto and 40% Home and 92%+ retention every month.
• 75% of book has been with agency for 5-15 years!
• Home and auto total premium is $3.085MM, with 90% with Allstate and 10% with Ivantage.
• Low overhead with one employee and all expenses under $50K annually.
• Beautiful new office space with inexpensive lease, containing 3 separate offices and
  primed for more growth.

Detailed Agency Information

• Inventory: N/A
• Established: 1993
• Employees: 1
• Furniture, Fixtures, & Equipment (FF&E): Included in asking price
• Facilities: New office space, 1,000 square feet
• Competition: Only competition is other Allstate agencies. Nearest
  Allstate agency is 1 mile away. Independent agencies don’t present
  much competition as Allstate dominates the industry in this area
• Growth & Expansion: Allstate bonus of $18,000 allotted to new owner
  who expands the book of business by 2%+. Very stable book of business
  with much room to expand and grow
• Support & Training: As needed.
• Reason for Selling: Termination due to failure to meet licensing
  requirements