AllstateAgent15
New Member
- 1
Hi guys,
New to this forum. I'm a current Allstate agency owner and I'm looking to acquire another book of business. I have the opportunity to buy a small $350k bob. The agent who is selling wants out of the business as he has other ventures he wants to focus on (opening restaurant). He wants a valuation of 2 times, but his retention is at 75% percent which brings up a red flag. His LR is at 45% which is good in my eyes. He said he would consider lowering the valuation if I paid one lump sum. Any pros or cons there that you guys can think of? Any advice is welcome.
Thank you!
New to this forum. I'm a current Allstate agency owner and I'm looking to acquire another book of business. I have the opportunity to buy a small $350k bob. The agent who is selling wants out of the business as he has other ventures he wants to focus on (opening restaurant). He wants a valuation of 2 times, but his retention is at 75% percent which brings up a red flag. His LR is at 45% which is good in my eyes. He said he would consider lowering the valuation if I paid one lump sum. Any pros or cons there that you guys can think of? Any advice is welcome.
Thank you!