Sold – Stratford, Connecticut
SOLD! "Elite" Allstate Listing in Stratford, CT!
SOLD!
- City, County, and State: Stratford, Fairfield County, CT
- Written and Advanced Earned Premium: $2,784,115
- Gross Revenue: $319,193, Including Brokered and Annual Bonus
- Normalized EBITDA: $107,166
- Fixed Operating (Non-discretionary) Expenses: Pending
- Lease terms: month to month
- Rent amount: $1,875
- Two licensed sales producers open to transition with the sale
- All existing furniture and equipment to convey, excluding personal items
- Seller Financing: Yes, Negotiable
- Asking Price: $515,000
Fully functioning ongoing agency operation with professional staff open to transition with the sale. The lease is month to month, and the office location may be relocated if desired. The current owner is willing to provide transition consulting on a temporary basis.
This established "Elite" Allstate Agency is located in the Stratford, Connecticut, market area! The $2.7 million earned premium agency is comprised of a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales as well as life and financial services. Good potential to increase revenues through higher new business comp programs & renewal commissions as well as performance bonuses based on growth, retention, etc.
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