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Greer, Greenville County, South Carolina
Asking Price
$576,000
Revenue
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Down
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Cash Flow
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Name: Ralph Cummings
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Ralph Cummings
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Posting ID:
278565
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Posting Title
Allstate Insurance Agency
Posting ID
#278565
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Recommended Businesses
Greer, South Carolina
Allstate Agency - Established For 43 Years
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For sale is an established 7-year Allstate Agency in rapidly growing Greer, SC, just outside of Spartanburg. This $2.74m agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services. It is an additional quality brokered business with consistent revenue. There is great potential to increase revenues as well as performance bonuses based on growth, retention, etc. Customer loyalty ratings are above average. Retention is very high, and multi-line and loss ratios are excellent. The agency is process-driven and will be seamless in the transition for the next owner. A 1,000 sq ft office is available; one floor in a shopping center. The office is located on the side with a huge anytime fitness center. There are many businesses around: Zaxby's, Thai restaurants, used car dealers, attorneys, builders, real estate, Bank of America, etc. There are 4 offices with desks, 4 computer stations plus 2 laptops, lunchroom table and chairs, refrigerator, microwave. It has good signage and visibility. They have been at this location for 7 years. There is 1 LSP. There is a possible transition to the new owner. The asking price is $576,000. Detailed financial reports are confidential until an NDA is signed. Earned premium is $2.74m plus $250k brokered book. Local and national lenders are available upon request. Seller financing is available if necessary, and terms are negotiable. Rent/lease terms are negotiable. The current agent owns the building. The lease is $1,800-2,000/month which is negotiable. All office furniture and equipment to convey.
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