$15.5M Allstate Agency in Naples, FL(GB)

LOCATION
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 agency

FINANCIAL
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 available

Seller Financing Available: N/A

Detailed Financial Reports: Available with signed NDA

GENERAL INFORMATION
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 appx $6 million in Preferred Auto/Property premium and appx $6 million in Brokered Property premium plus appx $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 owner. Owner willing to assist with transition. This is a great opportunity to own a high quality book of business in a very desirable area.