Insurance Captive Agency Allstate

, California 7 views 0 favorites

Financial Highlights
Asking Price
$2,700,000
Revenue
$9,300,000
Business Description

This Allstate Agency sets-the-bar for being one of the largest and well operated Agencies in the Allstate Agency force. The Awards given this Team are as follows: Circle of Champions: 11 times - Financial Leader - 20 times - Honor Ring 46 times - Hall of Fame Eligibility -33 times -*** Hall of Fame 1 *** The agency growth is thru home grown prospecting and cross selling from the staff. The business maintains a Loss Ratio of 36% and a Retention of 92.46%. It also has a Multiline Percentage of 60% of the households. The Agency has approximately 7,000 number of policies. The monthly Lease is very reasonable at $2,315 per month. The Agency Gross Premium is $9,300,000 per year and Net Gross Income is $960,000 per year. Contact Dale Huffman at 714-928-5138. Location: Daly City, California Year Established: 1980 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 1,000 Rent: $3,300.00 Per Month Facilities: Beautiful office in the financial district of the city. Plenty of parking for clients and staff. Market Outlook/ Competition: Allstate is always considered one of the most competitive priced insurance companies. They have outstanding insurance products and their service is one of kind. Growth & Expansion: This is such a large agency that its ability to grow by the sheer numbers of accounts is a challenge that is welcome to a true entrepreneur. Acquisition is an excellent way to grow.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 22, 2022

Updated: 3 days ago

Views: 7

Favorites: 0