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$6.7 M Allstate Agency in North Alabama TW

Northport, AL (Tuscaloosa County)

$6.7 M Allstate Agency in North Alabama TW
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$6.7 M Allstate Agency in North Alabama TW

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Business Description

$6.7 M Allstate Agency in North Alabama TW

City/State: North Alabama
Location Available: Available to lease. Seller would consider purchase in future
Rent/Lease Terms: 2000 square feet in single story standalone brick office Great highway signage
Rent/Lease Rate: Seller will negotiate Triple net lease
F&E Available: All Furniture and Equipment to convey.
Years in business: Opened 2004. Agent primary location
Location Photos: Available on request.
Current Agency Staffing: Three full-time P&C licensed professionals with one staff also having life license. Staff is paid a combination of hourly or salary plus commission. Staff are all very experienced with the agency. Agency also has a great relationship with an Exclusive Financial Specialist and access to a Benefits Specialist to serve client needs. Agency also has telemarketing team.
Asking Price: Confidential until NDA Received. Financial verification of $500K liquidity required.
Annual New/Renewal Revenues: Confidential until NDA received.
Earned Premium: $6.7 Million Allstate plus some Brokered Business
Bank Financing Available: Local and national lender referrals available on request
Seller Financing Available: Only if necessary, terms negotiable. Satisfactory collateral required
Detailed Financial Reports: Available on request with approved bank qualification letter
Award winning established agency is located in a growing, active community in the North Alabama area. This $6.7 M plus Allstate earned premium agency is consistent of a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Very high Customer Experience satisfaction scores, low loss ratio, and excellent retention. Great potential to increase revenues as well as performance bonus based on growth, retention, etc. Experienced, licensed staff are open to transition with the sale. The agency is process driven and will be seamless in transition for the next owner.

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Northport, AL
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Business Listed By:

Energia Consulting Partners

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