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For Sale: Insurance - Merrimack County, New Hampshire

$1,600,000.00

Asking Price

  • Address: Concord,

  • Status: Active

  • Posting ID: 283462

  • 10/20/23

Description

LOCATION
Company: Allstate
City/State: Concord, NH
County: Merrimack
Zip Code: 03301
Location Available: The office is located in a business strip center in the heart of Concord. Great signage and visibility with a high volume of traffic on the main road. The total square footage is 1070. Eight workstations. Neighboring businesses include several restaurants, Walmart, Best Buy, Target, Banks, and Medical facilities.
Rent/Lease Terms: 2-year lease with renewal in July 2024.
Rent/Lease Rate: Rent is $1,545 a month.
F&E Available: Furniture and equipment convey.
Years In Business: 9 years in this current location.
Location Photos:  Available upon request.
Current Agency Staffing: 3 salespeople and 2 customer service people. One person is a hybrid worker.

Asking Price:  $1,600,000
Annual New/Renewal Revenues: Confidential until NDA is received
Earned Premium: Approximately $5,100,000, plus brokered book
Bank Financing Available: Local and National lender referrals available upon request
Seller Financing Available: If necessary, terms are negotiable. Satisfactory collateral is required.
Detailed Financial Reports: NDA required.

GENERAL INFORMATION
The established agency is located in a well-founded area in Concord, NH. This $5.1M earned premium agency consistent with a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Great potential to increase revenues as well as performance bonuses based on growth, retention, etc. Customer loyalty ratings are strong, retention is high, and multi-line and loss ratios are excellent. This is a long-standing agency with many awards. The owner is looking to “pass on the reins!”

For More Information please contact the listing agent.

To get more information about this Insurance business for sale in Merrimack County please phone Ralph Cummings at 919-694-0843 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #283462 on BizBen.com. In addition to phoning Ralph Cummings, make sure you email Ralph Cummings above to get more info about this Insurance, to ask any questions or request an appointment to see this business for sale. Thank you. Energia Partners.

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Contact

  1. Name: Ralph Cummings
  2. phone iconPhone: 919-694-0843

Details

  1. Asking Price: $1,600,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    Call/Email

  1. Area: Merrimack County

  2. City: Concord

  1. Attributes:


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