Insurance Company - 5.3mm Book of Business

Not Disclosed, NY
Nassau County

Nassau County

Asking Price: Annual Revenue:
$1,390,000 $5,300,000

Services: Financial, Accounting, Insurance

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RE: Insurance Company - 5.3mm Book of Business Broker: Seller of Business
Owner Financing is Available!

Quick Facts

Asking Price: $1,390,000
Annual Revenue: $5,300,000
Net Profit: Not Disclosed
Cash Flow: $380,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 126035273
Broker Reference #: 11853

Email or Print Listing

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Business Overview:

Allstate book of business is an exclusive listing by East Coast Business Brokers. Keep in mind you do not need a PPC license in order to buy this book of business. Currently over 5.3 million dollars has a 92% retention rate for well over 30 years. The book was established over 30 years ago. Anybody out of school or young blood who is eager to grow this book of business to 10 million can take this to another level. Keep in mind that you would need minimal Capital down but good credit and experience in the insurance business as Allstate will finance the book for approximately 6% interest rate. "It takes a special kind of person to become an Allstate Agency Owner. A successful candidate is equal parts dedicated and driven. Someone who isn't afraid to take risks and turn them into rewards. This office in Nassau County Long Island has 3 sales people plus the owner. ALLSTATE BOOKS TYPICALLY NET 9% OF COMMISSIONS and SELL for 2.7 X Multiple. This particular office Office has 7 desks with great lease and the current owner will stay on as a sales person also. Health Issues are making this sale imminent. Please have 30% to put down. Please use email reply button of this ad.

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Reason for Selling:

Other business 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.

Relevant Links:

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