Duo of Allstate Agencies in PA - A Premium Buy!

Allegheny, PA
Allegheny County

Asking Price: Annual Revenue:
$1,200,000 $596,031

Services: Financial, Accounting, Insurance

Request More Information
Contact the Seller

RE: Duo of Allstate Agencies in PA - A Premium Buy! Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
If the price and deal structure is right for a highly qualified buyer.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $596,031
Net Profit: Not Disclosed
Cash Flow: $302,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 4
BBN Listing #: 718527574
Broker Reference #: 868 Insurance

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

After establishing the Business in 2007, the Seller purchased four additional books from retiring Allstate agents during the first five years of operation. Each book was strategically chosen for its location, size and demographics and how those factors complimented existing accounts. Policies still active from those acquisitions is a testament to the high level of customer satisfaction and a well-run agency.

Currently, the agencies have 5,045 Allstate policies in force that bring in $5.6 Million in premiums.

Referrals (from both customers and networking sources) and cross-selling to the existing books of business are key revenue drivers. The Company offers excellent homeowner’s rates. On a book this size, there much internal growth possible through cross-selling.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Facilities: Two large, professional offices are rented for a total of $2,300 per month. Both have landlords willing to work with a buyer.

Market Competition and Expansion:

Competition: A small percentage of unhappy customers or hard to please price-only shoppers flutter from carrier to carrier – these small losses are considered to be a repositioning of clients. Policies written for clients adding coverage, like for a new house or other purchase are rarely lost thanks to the strong Allstate name and reputation. Growth & Expansion: Referrals from mortgage brokers and realtors and development of financial services and target Uber and Lyft drivers and people renting portions of their homes through Air B&B/VRBO as Allstate has specialized products for those customers that other carriers aren’t offering.

Reason for Selling:

To expand the family’s property management portfolio.

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.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!