NEW PRICE! "Elite" Allstate Listing in Bristol, CT!
Business Description
Model Turnkey Allstate Agency for Sale!
This established Allstate Elite Level insurance agency represents a premium acquisition opportunity in the Hartford County market of Bristol, Connecticut. Operating as a fully functional enterprise with over $7.9 million in written and advance earned premium, the agency has demonstrated consistent performance and market stability.
Financial Performance:
The agency generates gross revenue of $976,576, including brokered business and annual performance bonuses, with EBITDA of $228,980. The substantial premium base reflects strong market penetration and customer retention within the preferred auto and homeowner segments.
Operational Infrastructure:
The business operates from a professional location with annual lease obligations of $23,700. Four licensed sales producers are positioned to transition with the acquisition, ensuring operational continuity and maintaining established client relationships. All furniture, fixtures, and equipment convey with the sale, excluding personal items.
Market Position and Growth Potential:
As an Allstate Elite Level agency, the operation benefits from preferred carrier relationships and enhanced commission structures. The established customer base presents significant cross-selling opportunities in life insurance and financial services products. Revenue enhancement opportunities exist through optimized new business compensation programs, improved renewal commission structures, and performance-based bonus achievements tied to growth and retention metrics.
Investment Structure:
The asking price of $1,800,000 reflects the agency's established market position and revenue-generating capacity. Seller financing options are available for qualified buyers, facilitating transaction completion.
This acquisition opportunity combines proven financial performance with substantial growth potential in a stable insurance market, supported by experienced staff and established carrier relationships.
Financial Performance:
The agency generates gross revenue of $976,576, including brokered business and annual performance bonuses, with EBITDA of $228,980. The substantial premium base reflects strong market penetration and customer retention within the preferred auto and homeowner segments.
Operational Infrastructure:
The business operates from a professional location with annual lease obligations of $23,700. Four licensed sales producers are positioned to transition with the acquisition, ensuring operational continuity and maintaining established client relationships. All furniture, fixtures, and equipment convey with the sale, excluding personal items.
Market Position and Growth Potential:
As an Allstate Elite Level agency, the operation benefits from preferred carrier relationships and enhanced commission structures. The established customer base presents significant cross-selling opportunities in life insurance and financial services products. Revenue enhancement opportunities exist through optimized new business compensation programs, improved renewal commission structures, and performance-based bonus achievements tied to growth and retention metrics.
Investment Structure:
The asking price of $1,800,000 reflects the agency's established market position and revenue-generating capacity. Seller financing options are available for qualified buyers, facilitating transaction completion.
This acquisition opportunity combines proven financial performance with substantial growth potential in a stable insurance market, supported by experienced staff and established carrier relationships.
About the Business
- Years in Operation
- 14
- Employees
- 4 (4 Full-time)
- Franchise
- This business is an established Allstate Insurance Agency franchise
- Facilities & Assets
- All FF&E will convey with the sale, excluding personal items.
- Website
- https://agents.allstate.com/dom-socci-bristol-ct.html
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Allstate education, training and onboarding. Market Sales Leader. Owner available during transition period.
- Financing Options
- Negotiable Financing Terms and Preferred Lenders available upon request.
Listing Info
- ID
- 2451453
- Listing Views
Listing ID: 2451453 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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