Sold
SOLD! SW Charlotte Area, North Carolina
Well established, $4.8 million book with outstanding recurring revenue business as well as great retention/loss ratios.
Brand:
Allstate
City:
Charlotte
Price:
$1,600,000
Agency Earned Premium:
$4,869,321
Annual Revenue:
$N/A
Agency Overhead Expense (Annual):
$301,878
Policies in Force:
3889
Retention Ratio:
87.79%
Loss Ratio:
44.9%
Office Space Description:
2100 square feet with main lobby plus seven offices. Lease to be assumed at $1250/month
Staff Description:
Two tenured staff with over 20 years experience.
Description of Business:
Well established recurring revenue business with great retention/loss ratios. Qualified for and made bonus in 2020 and 2021. Located in great area between NC and SC and sells policies in both states.
This agency has been sold.
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