Pro Allstate Agency for Sale in Maryland

[khalidu]

• 6.5M in earned premiums
• 88% retention
• Appointed in 5 states/districts (MD, VA, WV, PA, DC)
• 40+ years in business
• Fully staffed with 6 licensed and trained agents
• Asking $1.1M
• Office is located in Frederick MD, and office has an office manager

If interested, send me an email at wrightinsurance@allstate.com

 

[Allen Trent]

• 6.5M in earned premiums
• 88% retention
• Appointed in 5 states/districts (MD, VA, WV, PA, DC)
• 40+ years in business
• Fully staffed with 6 licensed and trained agents
• Asking $1.1M
• Office is located in Frederick MD, and office has an office manager

If interested, send me an email at wrightinsurance@allstate.com

What is the annual new PC premium being written? If less than $800-$850K of new premium per year, the book will be shrinking at that size.

What is the gross revenues--Premiums are not as important if the commission contracts are low on renewals.

 

[scagnt83]

At a 3x multiple of profit, it sounds like you would make $330k a year for running an Allstate agency.

 

[marindependent]

What is the gross revenues--Premiums are not as important if the commission

True

 

[DonP]

According to my friend who oversaw 75 State Farm offices 88% persistency would be extremely high and in todays environment of massive rate increases very unlikely especially for a captive company selling basically 1 product .

 

[tikibarrister]

What is the annual new PC premium being written?

I'm going to take a wild guess that it's $404,000 per year.