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RE:  $1M Allstate Agency In Odenton, MD Contact:  Ralph Cummings

Quick Facts

Asking Price: $241,000
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: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 152764106
Broker Reference #: 2923MDH

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Business Overview:

Established $1million agency in beautiful Odenton, MD; just 20 minutes south of BWI airport and less than one hour away from D.C! Agency consists of a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. This agency sale creates a wonderful opportunity as it is a turnkey operation. The current owner is available to assist with transition and guidance. This won't last long on the market!

Asking Price: $241,000. Annual New/Renewal Revenues: Confidential until NDA received. Earned Premium: $979,266
Bank Financing Available: Local and National lender referrals available upon request. Seller Financing Available: If necessary, terms negotiable. Satisfactory collateral required. Detailed Financial Reports: NDA required.

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Property Features and Assets:

Office space is located in a retail strip center with great visibility and signage. The office has a total of 1,069 square feet with a Dental Office, Barber shop, Nail and Spa Salon, Veterinary office, 2 Restaurants, AND the local Chamber of Commerce as neighbors. Rent/Lease Terms: 5 year Lease expires September 30, 2024. There is option to sublease with the approval from landlord so just the book purchase itself without taking over the space. Rent/Lease Rate: $2,100/month. F&E Available: Furniture and equipment will convey. Years In Business: 3 years. Location Photos: Available upon request. Current Agency Staffing: One owner/agent.

Additional Details:

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

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