$5.1M Allstate Agency in Concord, NH

Company: Allstate
City/State: Concord, NH
County: Merrimack
Zip Code: 03301
Location Available: Office is located in a business strip center in the heart of Concord. Great signage and visibility with high volume of traffic on the main road. Total square footage is 1070. Eight workstations. Neighboring businesses include several restaurants, Walmart, Best Buy, Target, Banks, Medical facilities.
Rent/Lease Terms: 2 year lease with renewal in July 2024.
Rent/Lease Rate: Rent is $1,545 a month.
F&E Available: Furniture and equipment convey.
Years In Business: 9 years in this current location.
Location Photos: Available upon request.
Current Agency Staffing: 3 salespeople and 2 customer service people. One person is a hybrid worker.
Asking Price: $1,600,000
Annual New/Renewal Revenues: Confidential until NDA is received
Earned Premium: Approximately $5,100,000, plus brokered book
Bank Financing Available: Local and National lender referrals available upon request
Seller Financing Available: If necessary, terms negotiable. Satisfactory collateral required.
Detailed Financial Reports: NDA required.
Established agency is located in a well profound area in Concord, NH. This $5.1M earned premium agency consistent with a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Great potential to increase revenues as well as performance bonus based on growth, retention, etc. Customer loyalty ratings are strong, retention high, multi-line, and loss ratios are excellent. This is a long standing agency with many awards. Owner is looking to “pass on the reins!”