$4.8M Allstate Agency in Charleston, SC (H)
Company: Allstate
City/State: Charleston, SC
County: Charleston
Zip Code: 29407
Location Available: 1,000 sqft office in a one-story strip center with large parking lot on a busy road leading to downtown Charleston. Neighbors include real estate, sports pub, home health, and many others; good signage and visibility.
Rent/Lease Terms: 3-year lease; renews Jan 1, 2025
Rent/Lease Rate: $1,400/month
F&E Available: Furniture and equipment will convey.
Years In Business: 13
Location Photos: Available upon request
Current Agency Staffing: 3 licensed staff that perform sales and customer service; 2 will transfer to new owner
Asking Price: $1,375,000
Annual New/Renewal Revenues: NDA required
Earned Premium: $4,750,000
Bank Financing Available: Local and National Lenders available upon request
Seller Financing Available: If necessary, terms negotiable. Satisfactory collateral required
Detailed Financial Reports: NDA required
Well-established ELITE Allstate agency with over 13 years in the same location. $4.25M Allstate premium plus $370k Brokered Book, and $100k in SC Wind & Hail premium. This is a turnkey agency in Historic Charleston, SC! The agency consists of a preferred auto and homeowner customer base with Loss Ratio under 60% and Retention over 90%, with excellent opportunity for growth in cross sales as well as life/financial services. The current owner is available to assist with transition and guidance. This won't last long on the market!
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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