New Price

NEW PRICE! Kent County, DE

Ideal Turnkey Elite Allstate agency ready for a new owner! Retention is on the rise in this $2.75M, stable 18 year book.

Brand:

Allstate

City:

Kent County

Price:

$550,000

Agency Earned Premium:

$2,750,000

Annual Revenue:

$345,000

Agency Overhead Expense (Annual):

$268,000 (annualized)

Policies in Force:

2279

Retention Ratio:

83.98%

Loss Ratio:

59%

Office Space Description:

Two story stand-alone office building with 1400 square feet. Prominent location with great road frontage at two state highways. Lease is $2000/month through 9/1/2024.

Staff Description:

Three licensed sales producers with two being remote. Producers include one full time sales producer, one full time service agent and one hybrid producer who focuses on life sales as well as P & C service.

Description of Business:

This stable Elite Allstate agency is ripe for a new owner with a great opportunity for growth. Retention is rising and loss ratio is falling in this gem of an agency. Bonus level was achieved both in 2021 and in 2022. Owner is willing to finance up to 20% of the purchase price. LA: KM-REVILLOT

Interested in this Agency?

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NEW PRICE! Kent County, DE

Interested in this Agency?

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