$4.7M Allstate Agency in Newport News, VA(H)

Newport News, VA
Newport News City County

Stand-alone two-story brick building

Asking Price: Annual Revenue:
$1,425,000 Not Disclosed

Services: Financial, Accounting, Insurance

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RE: $4.7M Allstate Agency in Newport News, VA(H) Broker: Energia Consultant Partners, LLC

Quick Facts

Asking Price: $1,425,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 4
BBN Listing #: 479664106
Broker Reference #: 111722H

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Business Overview:

A well-established turnkey agency in a great location in Newport News, VA. The agency consists of a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Low loss ratio has created a profitable book. The agency resides in an area that enjoys an economic base consisting of multiple defense and other government entities, as well as ship-building industries and ports. This agency sale creates a wonderful opportunity as it is a turnkey operation. The current owner is available to assist with transition and guidance.
For More Information Please Contact:
Energia Consultant Partners, LLC

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Property Features and Assets:

Location Available: The office is located in a stand-alone two-story brick building with great visibility and signage. Total area is 2,400 square feet with 3 offices and a conference room downstairs and 2 bathrooms, 3 offices and a supply room upstairs. Neighboring business include a hardware store, restaurants, medical school offices and Christopher Newport University. Rent/Lease Terms: Three year lease. Rent/Lease Rate: $1,900 a month. F&E Available: Furniture and equipment will convey.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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