$4.5M Allstate Agency in New York, NY(H)

LOCATION

Company: Allstate
City/State: New York, New York
County: New York
Zip Code: 10036
Location Available: Yes
Rent/Lease Terms: Monthly
Rent/Lease Rate: $1,800
F&E Available: Yes, all computers, phones, furniture and equipment will convey with the sale.
Years in business: Over 15 Years
Location Photos: Available upon request
Current Agency Staffing: NDA required

FINANCIAL

Asking Price: $1,275,000
Annual New/Renewal Revenues: $400,000 + excluding incentives and bonuses
Earned Premium: $4,500,000
Bank Financing Available: Local and national lender referrals available
Seller Financing Available: Negotiable
Detailed Financial Reports: NDA required

GENERAL INFORMATION

Established fifteen (15) year turnkey Allstate Agency is located in midtown Manhattan
area of New York. This $4.5M earned premium agency consist of a preferred
auto/homeowner customer base with excellent opportunity for growth in cross sales as
well as life/financial services. Good potential to increase revenues through new &
renewal commissions as well as performance bonus based on growth, retention, etc.
Customer Retention is 91% and is above average having shown continued improvement
over the last three years. Experienced, licensed staff may be open to transition with the
sale while the current owner is open to a short term transitionary consulting relationship if
desired.