$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!