Pending

Albuquerque, NM

This is a hard-to-find, elite level Allstate agency with turn-key status as the revenue flow is immediate in this large, $8.6M book.

Brand:

Allstate

City:

Albuquerque

Price:

$2,300,000

Agency Earned Premium:

$8,600,000

Annual Revenue:

$900,000

Agency Overhead Expense (Annual):

$250,000

Policies in Force:

4885

Retention Ratio:

85%

Loss Ratio:

44.98%

Office Space Description:

Office space of 1761 square feet is included with six furnished offices, conference room and walk-in lobby area. Lease is $2,950/month and expires on 6/31/2028.

Staff Description:

Agent currently has fourteen staff and is negotiable on retaining as needed.

Description of Business:

The 40+ year customer base is well-established in this book with good retention and excellent growth potential. Bonus opportunity with Allstate is very high as this is a prime agency for growth and continued success. Seller is negotiable on remaining staff which will affect overhead expenses. CW:ECAM

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Albuquerque, NM

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