(PRICE IMPROVEMENT!!) Newport News, VA Allstate Agency with 5 state Binding Authority!

Allstate Newport News Area

About This Agency

(PRICE IMPROVEMENT!!) This 3+ year Allstate Agency will graduate in February at the Top Curve level, which should qualify a buyer for the AAP compensation segment of Elite for the remainder of 2025. The loss ratio below reflects AUTO losses only. In addition to the Allstate Earned Premium shown, there is also $54,800 in Ivantage Premium. The agency has a strong, fully remote team of three: a Customer Service Manager, a Customer Service LSP, and a Licensed Sales Producer. There is no lease obligation to assume with this purchase. The agency holds P&C Binding Authority in Virginia, Maryland, Delaware, West Virginia, and North Carolina. The current owner is retiring and ready to move into the next phase of life.

Financial Overview

Price
$389,000
Premium
$3,273,274
Annual Revenue
$597,000
Expenses
$425,000
Policies In Force
1,565
Retention Ratio
76.98%
Loss Ratio
67.93%

Contact the Seller

Broker Photo for Justin Slocum

Justin Slocum

Agencyforsale.com Consulting

You need an account to contact sellers