Profitable Insurance Book in Baltimore- Allstate

Baltimore, MD
Baltimore City County

Asking Price: Annual Revenue:
$300,000 $1,400,000

Services: Financial, Accounting, Insurance

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RE: Profitable Insurance Book in Baltimore- Allstate Broker: Michael McNamara
Owner Financing is Available!

Quick Facts

Asking Price: $300,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 753351174
Broker Reference #: 76551-709168

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Business Overview:

Highly profitable and established insurance book of business that needs to be sold ASAP. Renewal commission will be $140k plus staff will generate average new business commission of $160k. Buyer must get a Maryland insurance license. Allstate requires the owner to get a Series 6 securities license within the first 2 years. Priced to sell quickly at 1.4 times earnings. Seller financing available.

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Reason for Selling:

Other interests.

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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