$6.5M Allstate Agency in St Petersbug, FL (BW)

St. Petersburg, FL (Pinellas County)

Asking Price: On Request

Business For Sale Details

Listed on Feb 21, 2024

Allstate Insurance Agency

LOCATION
Company: Allstate
City/State: Saint Petersburgh FL
County: Pinellas
Zip Code: 33710
Location Available: Yes
Rent/Lease Terms: With NDA
Rent/Lease Rate: With NDA
F&E Available: Yes
Years in business: 17
Location Photos: With NDA
Current Agency Staffing: 2 Staff
FINANCIAL
Asking Price: $1,500,000
Annual New/Renewal Revenues: $621,000
Earned Premium: $6,500,000
Bank Financing Available: Yes we can refer lenders
Seller Financing Available: Based on sales price
Detailed Financial Reports: With NDA
GENERAL INFORMATION
Agent is going to retire, opportunity for new owner to take advantage and build Renewal Income. Allstate premium is $2,800,000 the rest is Brokered Property and Allstate flood. The Allstate premium is 80% Auto with an 87% Retention Ratio. Revenue above includes $90,000 in bonus payout.

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Financials (USD)

Asking Price Not Disclosed

Cash Flow Not Disclosed

Sales Not Disclosed

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? Available On Request

Real Estate? Available On Request

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