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Naples, Collier County, Florida
Asking Price
$4,100,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Ralph Cummings
Phone: Show phone number
Name
Ralph Cummings
Phone
Show phone number
Posting ID:
281035
Attributes:
Broker Cooperation
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Naples, Florida
Insurance Agency - 30+ Years
$ 4,100,000
This is one of the best agencies in the SWFL area and located in one of the highest growth areas of the country Naples, FL This book of business is priced to sale and comprised of approximately $6 million in Preferred Auto/Property premium and approximately $6 million in Brokered Property premium plus approximately $500K Flood premium. Renewal ratios are excellent in both Auto (89%) and Property (89%) and customer satisfaction is among the highest in the area. In addition to having excellent current results, this agency is well positioned for continued growth and can be leveraged to maximize the Allstate compensation & bonus programs current revenue does not include Annual Bonus which can exceed $100,000+ for new owners. The owner is willing to assist with the transition. This is a great opportunity to own a high-quality book of business in a very desirable area. Company: Allstate City/State: Naples, FL County: Collier Zip Code: Book of business in various SWFL communities Collier County Primary Location Available: Yes Rent/Lease Terms: Available with signed NDA Rent/Lease Rate: Available with signed NDA F&E Available: Fully compliant computers and furniture included Years in business: 30+ years Location Photos: Yes Current Agency Staffing: Licensed staff to transition with the agency Asking Price: $4,100,000 Annual New/Renewal Revenues: Available with signed NDA Earned Premium: $15,500,000 Bank Financing Available: Local and National sources are available Seller Financing Available: N/A Detailed Financial Reports: Available with signed NDA

Naples, Florida
Allstate Insurance Agency
$ 1,500,000
This is a great opportunity to own a profitable agency in one of the most desirable areas in the country - Naples, FL This $5.1 million turn-key agency is comprised of appx. $2.6 million Allstate premium, $2.4 million Brokered Property premium, and $135K Flood premium and has very good cash flow. The area has very attractive demographics and is well-positioned for continued growth in population. The current book of business has an excellent policy retention ratio of appx. 91% and very good profitability results (39% loss ratio). The agency is ranked in the top 85 Allstate agencies in 2021 and has achieved the 'Elite' Agency Achievement level which positions the agency very well to leverage compensation/incentive programs. The agency is staffed with 2 licensed staff members. This is a rare opportunity in one of the most highly desirable communities to live in the country.

Naples, Florida
Allstate Insurance Agency
$ 1,994,000
For sale is a well-established 23-year agency in beautiful Naples, FL; only minutes from the beach. It is well-managed with seasoned staff to transition to a new owner. It has almost $7 million in total premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in gross sales as well as life/financial services. The agency has a low loss ratio and customer loyalty has created excellent retention in the book. This is a wonderful opportunity to acquire an established turnkey operation with excellent cash flow. This won't last long on the market. The asking price is $1,994,000. An NDA is required. The earned premium is $6,700,000 including brokered book. Local and national lenders are available upon request. For seller financing, if necessary, terms are negotiable. Satisfactory collateral is required. A 1,580 sq ft. location is available, near a large real estate office, bank, Publix, restaurants, hair salon, veterinarian, and dry cleaner. They have excellent signage and visibility. There are 7 workstations with computers. They have a 3-year lease, which renews in July 2025. Rent is $2,435/month. All F&E to convey. Confidential until NDA signed. (H)

Wilmington, Delaware
Allstate Insurance Agency
$ 680,000
This well-established award-winning Agency has been serving the Wilmington area since 1986. The office is located between several major cities on the East Coast and has a diverse population of many rich cultures and communities. Being located by the Prices Corner Shopping Center off Kirkwood Highway makes it very accessible to new and potential clients; this agency has over the years received many awards and has high customer service ratings and good retention and loss ratio numbers; The income should provide a good cash flow given its low overhead and expenses. The selling agent is open to negotiation in terms of buying or leasing the property; it's priced to move fast, so don't delay

Houston, Texas
Allstate Insurance Agency
$ 511,450
The established 2-year agency is located in a desirable location. This 2.1 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales as well as life/financial services. Good potential to increase revenues through new & renewal commissions as well as performance bonuses based on growth, retention, etc. An experienced, licensed staff member is willing to transition with the sale while the current owner is open to a short-term transitionary consulting relationship if desired. The owner is still focused on growing the agency in 2023.

Aiken, South Carolina
Allstate Insurance Agency
$ 833,000
For sale is an established agency in Aiken County South Carolina with a great business climate. The agency has an excellent retention ratio of 90% + and a very profitable loss ratio. The agency consists of preferred auto/homeowners with a great opportunity to grow in cross-sales as well as life and financial services. if you are looking to own your own business in a progressive area, this is a great opportunity! The asking price is $833,000. Revenue is $474,235. Earned premium is $3,700,000. Bank financing referrals are available. The seller is open to negotiation for financing. Detailed financial reports are available with an NDA. They have an excellent licensed staff with 17 years of experience; 1 full-time and 1 part-time staff as well. The staff has developed an excellent relationship with clients and is willing to stay with the new owner.

South Gate, California
Non-Standard Insurance Agency w/Multiple Revenue Lines
$ 450,000
CF : $ 60,000
Founded by a minority entrepreneur, the agency was established in the 1990s with a mission to provide accessible insurance solutions and empower underserved clients. The agency addressed a significant market gap and tailored products for the Hispanic community. By focusing on educating clients via personalized service and multilingual support, the company established a strong reputation and loyal client base. The agency maintains active appointments with a diverse group of carriers, including Kemper-Infinity, Safeway, National General, Bristol, Foremost, Aspire, Pacific Specialty, First Connect, Thimble, HCC, CNA Surety, Aegis, Lemonade, Bridger, and Agentero MGA. All carrier relationships are in good standing, with no known concerns regarding cooperation or policy transfers. Buyer must have their own Safeco appointment to be eligible for this acquisition. As part of its commitment to the community, the business also offers Live Scan fingerprinting, tax preparation, and DMV registration, each of which provides consistent and growing revenue. NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Online / Remote
Allstate Insurance Agency - Highly Trained Staff
$ 2,399,000
Allstate has opened the company underwriting and is now allowing the Agency Force to write Automobile Insurance with no limits on the production. There is also a new compensation plan that allows agents to receive 20% for new business production in Autos and that is predicated on the budget that each agent has and based on the size of his/her Agency. This is a new benefit with the Allstate Insurance Company. This is one of the Premier Elite Agencies with Allstate Insurance Company. It has a 45% Loss Ratio and 83% Retention. The Staff is highly trained and Manager has been with the Agency over 15 years. The Lease is excellent at $2000 per month and has 1000 sq. ft. Allstate provides world wide trips for its Agents when they qualify on production. Totally paid for by the Company with spouse also included. Agent is retiring but will totally be involved with training. Allstate is a growth-oriented company and does not limit its agents on how much they can write in the Casualty Business. There are Underwriting Guidelines that need to me maintained in order for the company to be profitable, but each agent knows what they are, receives ongoing training for Owners and Staff Associates. Allstate gives the training for the purchase of an Agency. The current Seller will stay, and train for 30 days then be available for ongoing virtual training. The manager is capable of managing the office for extended periods of time. Contact Dale Huffman at 714-928-5138.
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