Elite Allstate Agency for Sale / New Orleans, LA

New Orleans, LA (Orleans County)

Asking Price: $750,000

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Business For Sale Details

Listed on Jan 31, 2024

City, State & Zip: New Orleans, LA 70127
Earned Premium: $3,291,233 (Including Brokered)
Retention: 89.45%
Profitability: 40.7% 12MM
Gross Revenue: Excluding Bonus...$390,450
Normalized EBITDA: $189,843
Rent: $1,200 Monthly
Lease Renews: Owner Occupied
Current Staff: Two (2) Licensed Sales Producers
All Furniture and Equipment, Phone system and computers convey with the sale.
Asking Price: $750,000
Seller Financing – No

This Elite performing Allstate Agency is located in east New Orleans in a diverse business community consisting of schools and churches, doctor's offices, real estate firms, community services, a title company, tax services etc. The Book of Business is comprised of a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales . The Agency has High customer satisfaction numbers witnessed by excellent retention results. Great potential to increase revenues as well as performance bonus based on new business growth and retention. Current owner and staff are open to assist Buyer with transition. This is an excellent entry level Agency for anyone considering owning an Insurance Agency for a modest capital investment.

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Financials (USD)

Asking Price $750,000

Cash Flow Between $189,843 and $390,450

Sales Not Disclosed

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? No

Willing to co-broke? No

Principals only? Yes

Franchise? No

Management will stay? Yes

Relocatable? Yes

Real Estate? Available On Request

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