Allstate Insurance Agency 3.8 Million Book $795,000 Purchase Price

FINANCIAL INFORMATION
  • Asking Price: $795,000
  • EBITDA: $210,007
  • Gross Revenue: $280,779
  • Cash Flow: $210,007
  • FF & E: $25,000
  • Inventory:
  • Financing: Yes
BUSINESS LOCATION

East Tennessee Area

DESCRIPTION

Founded in 1972, the owner of this AllState Agency has built a solid book of business. Serving more than 1700 households, this insurance agency generates $3.8 million in premiums with a retention rate of more than 89%. Located in a highly desirable, rapidly growing area just outside of Gatlinburg, TN, this agency is perfect positioned for years of growth.

INVESTMENT HIGHLIGHTS:
• Industry leader in a necessary, recession proof space
• Low operating costs, and high margins. Recurring Revenue

GROWTH OPPORTUNITIES:
• Adding a part time Agent to grow with the business as community grows could increase the book.
• Synergystic opportunity for someone coming out of a similar industry in the area currently: property management, real estate development, etc.

 

REASON FOR SALE

The current owner is ready to relocate to the coast and buy an Allstate Agency there.

Details

  • Home Based: No
  • Franchise: Yes
  • Distressed: No
  • Relocatable: No
  • Year Established: 1972
  • Year Acquired: 2011
  • Willing To Train: Yes
  • Real State Available: Yes
  • Is Property Leased: No
  • Real Estate Included: No
  • Is Management Staying: Yes
  • Days Open: 5
  • Hours Open: 9 AM - 5 PM
  • Full Time Employees: 1
  • Part Time Employees: 0
  • Building Size: 1000 sq ft
  • Listing Id: SA1532

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