$3.9M Allstate Agency In New York, NY (H)

Business Overview:

Established turnkey 15 year Allstate Agency is located in the Bronx/Manhattan area of New York. This $4.5M earned premium agency consist of a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Good potential to increase revenues through new & renewal commissions as well as performance bonus based on growth, retention, etc. Customer Retention is 91% and is above average having shown continued improvement over the last three years. Experienced, licensed staff may be open to transition with the sale while the current owner is open to a short term transitionary consulting relationship if desired.For more information contact us through reply to this ad button.

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Property Features and Assets:

Rent/Lease Terms: Renewed July 2020 Rent/Lease Rate: $1,800 F&E Available: Furniture and equipment to convey with Sale Years in business: Affiliation Date 2001 Location Photos: Available on request Current Agency Staffing: Yes, NDA Required

Market Competition and Expansion:

Asking Price: $1,275.000 Annual New/Renewal Revenues: Confidential until NDA received Earned Premium: $3,900,000 Bank Financing Available: National Referrals available on request Seller Financing Available: Would consider minimal financing with satisfactory collateral Detailed Financial Reports: Confidential until NDA signed.

Additional Details:

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