Sold – Greenwich, Connecticut

Great location with excellent retention & Profitability!

• City, State & Zip: Greenwich, CT 06830
• Earned Premium: $5,311,954
• Retention: 89%
• Profitability: 39% 12MM
• Gross Revenue: Excluding Bonus $447,153
• Normalized EBITDA: $360,000 (includes executive compensation)
• Rent: $3,266 Monthly
• Lease Renews: Month to Month
• Current Staff: One (1) Licensed Sales Producers
• All furniture and equipment, phone systems, and computers convey with the sale.
• Asking Price: $975,000
• Seller Financing – Negotiable

Greenwich is a town in southwestern Fairfield County, Connecticut, United States. At the 2020 census, it had a population of 63,518. This Allstate Agency, established in 2010, is comprised of high-value customer segments with preferred auto and homeowner policies, boasting 89% retention and 39% profitability! Excellent growth opportunity in cross-sells, retention, and new business revenues with available incentive compensation and bonuses! Earned premium is $5,311,954 with a normalized EBITDA of approximately $360,000. Great office location and affluent customer base. This agency has multiple state appointments and currently has one experienced licensed sales producer. The owner is retiring and motivated to sell.

Request NDA/information for Greenwich, Connecticut