Allstate Agencies in North Central MD
Maryland
| Asking Price: | $1,528,000 |
| Established Year: | 1984 |
| Gross Revenue: | $540,000 |
Listing ID: 2296297Listing provided by BizBuySell
BUSINESS DESCRIPTION
Double Pro-Level, $7.38M Allstate Agency listing with great retention and growth
Unique opportunity in this double Allstate agency purchase as both agencies have been meticulously built over the last 40+ years in north central Maryland. Both have great retention, highly experienced staff and are a great opportunity for continued, rich growth! Agency 1 has $1.90M earned premium and agency 2 has $5.47M earned premium. Both agencies have a combined retention ratio of almost 89%.
DETAILED INFORMATION
Location
Maryland
Inventory
Not Included in asking price
Real Estate
Leased
Facilities
Two office spaces with this double agency listing: Agency 1 office is located in a retail strip with 1200 square feet and a monthly lease of $1,205/month. Agency 2 has a condominium space with 1400 square feet and a monthly lease of $2,490/month.
Growth & Expansion
With these agencies having strong community base and involvement, the potential for continued growth is high.
Support & Training
Several highly experienced staff included with built-in leadership positions.
Reason for Selling
Retiring
Franchise
This business is an established franchise
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