Captive Allstate Book of Business with Significant Growth Potential
Business Description
CAPTIVE ALLSTATE INSURANCE AGENCY - HUBBARD, OH
Established in 1994, this well-positioned Allstate insurance agency presents an exceptional opportunity for growth-minded buyers in Trumbull County. Located in an updated 1,400 square foot office in downtown Hubbard, the agency has built a strong reputation within the community over nearly three decades of operation.
FINANCIAL PERFORMANCE:
• Annual Revenue: $185,000
• Agency Earned Premium: $1,967,215
• Annual Overhead/Marketing/Leasing: $60,000
• Net Operating Income: $125,000
• Policies in Force: 1,725
• Outstanding Customer Retention Rate: 88.9%
BUSINESS HIGHLIGHTS:
• Exceptional customer loyalty with 88.9% retention ratio
• Strong community presence and brand recognition
• Currently operated with minimal staffing (1.5 employees)
• Significant growth potential for dedicated owner-operator
• Prime downtown location with affordable lease terms
OPERATIONS & LOCATION:
The agency operates from a professional office space with a favorable lease at $800/month, extending through August 2028. The current owner, a school administrator, has successfully managed the business part-time, demonstrating the substantial upside potential for a full-time operator.
GROWTH OPPORTUNITIES:
• Allstate's competitive pricing and recent rate cuts enhance market position
• Comprehensive product portfolio including auto and homeowners insurance
• Low overhead structure supports profitability expansion
• Established systems and Allstate training support smooth transition
• Underutilized capacity presents immediate growth potential
The seller is motivated due to expanding responsibilities in school administration and offers comprehensive transition support. Allstate provides ongoing training and operational support to ensure seamless business continuity.
This turnkey opportunity combines a stable customer base, strong market position, and significant growth potential in a thriving Ohio community.
Established in 1994, this well-positioned Allstate insurance agency presents an exceptional opportunity for growth-minded buyers in Trumbull County. Located in an updated 1,400 square foot office in downtown Hubbard, the agency has built a strong reputation within the community over nearly three decades of operation.
FINANCIAL PERFORMANCE:
• Annual Revenue: $185,000
• Agency Earned Premium: $1,967,215
• Annual Overhead/Marketing/Leasing: $60,000
• Net Operating Income: $125,000
• Policies in Force: 1,725
• Outstanding Customer Retention Rate: 88.9%
BUSINESS HIGHLIGHTS:
• Exceptional customer loyalty with 88.9% retention ratio
• Strong community presence and brand recognition
• Currently operated with minimal staffing (1.5 employees)
• Significant growth potential for dedicated owner-operator
• Prime downtown location with affordable lease terms
OPERATIONS & LOCATION:
The agency operates from a professional office space with a favorable lease at $800/month, extending through August 2028. The current owner, a school administrator, has successfully managed the business part-time, demonstrating the substantial upside potential for a full-time operator.
GROWTH OPPORTUNITIES:
• Allstate's competitive pricing and recent rate cuts enhance market position
• Comprehensive product portfolio including auto and homeowners insurance
• Low overhead structure supports profitability expansion
• Established systems and Allstate training support smooth transition
• Underutilized capacity presents immediate growth potential
The seller is motivated due to expanding responsibilities in school administration and offers comprehensive transition support. Allstate provides ongoing training and operational support to ensure seamless business continuity.
This turnkey opportunity combines a stable customer base, strong market position, and significant growth potential in a thriving Ohio community.
About the Business
- Years in Operation
- 31
- Number of Employees
- 1.5
- Facilities & Assets
- 4 office spaces, a reception area, a large conference room, and kitchen all make up this well-maintained private office. All equipment copiers, computers, desks, chairs, come with the office. All are in great shape and computer systems/phones are all updated and compliant.
- Website
- https://agents.allstate.com/matt-beard-hubbard-oh.html
- Market Outlook / Competition
- Allstate pricing is excellent at the moment. New rate cuts make our auto insurance highly affordable. Allstate Home and Auto products are affordable as we offer a variety of pricing packages, and the coverages are exceptional.
- Opportunities for Growth
- Currently a school administrator and Agency owner. This agency operated with 1.5 staff members and performed well. Large growth side for new insurance agent, with low overhead costs. Lease is only $800/month in an updated office in Hubbard.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,400
- Rent
- $800.00 per month
- Lease Expiration
- 8/1/2028
About the Sale
- Seller Motivation
- School Administration job is expanding
- Transition Support
- Motivated buyers will easily navigate our operating systems. Owner is willing to help in any way. Allstate provides routine training to staff.
- Financing Options
- Buyer Financing
Listing Info
- ID
- 2390012
- Listing Views
- 365
Business Location
Listing ID: 2390012 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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