Description
For sale is an established 35-year Allstate Agency in Beautiful Rock Hill, SC - near bustling Charlotte, NC. This $3.5M 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. They have great potential to increase revenues as well as performance bonuses based on growth, retention, etc.
Their customer loyalty ratings are well above average as this is only the second-owner in this location in 35 years. 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. This will not last long on the market!
They have a single-story, stand-alone 1,468 sq ft. building available and it is near other professional offices (doctors, real estate, lawyers). They have excellent signage and visibility. They have a 3-year lease that expires June 2024. The rent is $1,425/month + utilities. All furniture and equipment convey. It has been in business for 35 years. Location photos and local/national lenders are available on request.
There are currently 2 sales representatives and 1-customer service worker (1 salesperson is life-licensed); all will transition. The asking price is $799,000. An NDA is required to see the revenues. Earned premium is $3,490,000 including brokered book. Seller financing is available if necessary and terms are negotiable. Satisfactory collateral is required. Detailed financial reports are confidential until an NDA is signed.
To get more information about this Allstate Insurance Agency business for sale in
Rock Hill please phone Energia Consulting at 919-694-0843 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #278634 on BizBen.com. In addition to phoning Energia Consulting, make sure you email Energia Consulting above to get more info about this Allstate Insurance Agency, to ask any questions or request an appointment to see this business for sale. Thank you. Energia Partners.