Allstate Agency in Bangor, Maine

Allstate Bangor, Maine

About This Agency

Take advantage of a rare opportunity to acquire a well-established insurance agency in the Bangor area as the owner prepares for retirement. This agency generates more than $843,000 in annual revenue from a $6.07 million written premium book and serves 4,436 policies-in-force. With an outstanding 88.18% retention rate, the business has built a loyal customer base and a reputation for long-term client relationships. The office location is available, and an experienced team is already in place to support daily operations and help facilitate a seamless transition. Combining strong recurring revenue, exceptional retention, and an established operational foundation, this agency offers an attractive opportunity for buyers seeking a profitable and respected presence in the Maine insurance market.

Financial Overview

Price
$1,250,000
Premium
$6,076,052
Annual Revenue
$843,022
Expenses
$266,000
Policies In Force
4,436
Retention Ratio
88.18%
Loss Ratio
46.87%

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Justin Slocum

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