For Sale

Eastern Virginia

Outstanding, high growth Allstate agency located in a great area of eastern VA. Book has been meticulously serviced and grown over the last 10 years. Experienced staff and great retail location!

Brand:

Allstate

City:

Eastern Virginia

Price:

$2,900,000

Agency Earned Premium:

$10,400,000

Annual Revenue:

$1,065,000

Agency Overhead Expense (Annual):

$198,000

Policies in Force:

5682

Retention Ratio:

83.61%

Loss Ratio:

49.38%

Office Space Description:

High visibility and traffic with this retail office space with 1400 square feet. Lease is $1,730/month and expires on 2/28/2025.

Staff Description:

Six total staff including two service, two full-time sales and two part-time sales staff

Description of Business:

Organically grown agency going from $3.3M in 2014 to $10.4M in 2024! Currently at Pro-level but only single digits away from Elite-level status. Seller is willing to finance up to 10% of the selling price. CW:NIUQSAP

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Eastern Virginia

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