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INSURANCE COMPANY - 5.3mm Book of Business with Full Office Staff- NASSAU
New york (Nassau)

Owner Financing
New Listing Bank ready New Listing Verifiable Income

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11853
Business Type:
Established Businesses
Business Category:
Insurance Businesses
State:
New york
County:
Nassau

Other Information

Financial Information

Asking Price:
$1,390,000
Gross Income:
$5,300,000
Cash Flow:
$380,000
Seller Financing:
$  

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Business Description

Allstate book of business is an exclusive listing by East Coast Business Brokers. Keep in mind you do not need a PPC license in order to buy this book of business. Currently over 5.3 million dollars has a 92% retention rate for well over 30 years. The book was established over 30 years ago. Anybody out of school or young blood who is eager to grow this book of business to 10 million can take this to another level. Keep in mind that you would need minimal Capital down but good credit and experience in the insurance business as Allstate will finance the book for approx 6% interest rate. "It takes a special kind of person to become an Allstate Agency Owner. A successful candidate is equal parts dedicated and driven. Someone who isn't afraid to take risks and turn them into rewards. This office in Nassau County Long Island has 3 sales people plus the owner. ALLSTATE BOOKS TYPICALLY NET 9% OF COMMISSIONS and SELL for 2.7 X Multiple. This particular office Office has 7 desks with great lease and the current owner will stay on as a sales person also. Health Issues are making this sale imminent. Please have 30% to put down. 516-779-8900

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11853

Business Listed By

Henry GALASSO

Email this List   5163421648
Email this List   516-779-8900
Email this List   henry@eastcoaststores.com
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