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Description

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

 

 

Allstate Insurance Agency for Sale in CT

 

 

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!

 

 

 

Allstate Insurance Agency for Sale middletown

 

 

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.

 

 

 

 

 

Contact info

Pronova Partners

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