Sold
SOLD! Cuyahoga County, Ohio
Well established $2 million book in an affluent area of northern Ohio. Book is over 50 years in age with high cross selling potential and great retention/loss ratios.
Brand:
Allstate
City:
Suburb of Cleveland
Price:
$350,000
Agency Earned Premium:
$2,000,000
Annual Revenue:
$N/A
Agency Overhead Expense (Annual):
$115,000
Policies in Force:
1726
Retention Ratio:
87.75%
Loss Ratio:
37.75%
Office Space Description:
Located in affluent area with 800 square feet and a private office. Lease is $1000/month with a month to month agreement.
Staff Description:
Two trained, experienced staff
Description of Business:
Well established, 50+ year old book of business valued at $2 million. Great opportunity for growth and cross selling opportunities. Owner is negotiable on financing as well as sharing on a tax credit to new owner.
This agency has been sold.
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