Newport News, VA ELITE Allstate Agency with 6 state Binding Authority!

Seller Financing Available

2 ELITE Allstate agencies combined for sale! Can be bought together or sold separately! In addition, there is P&C Binding authority in DC, Virginia, Maryland, Delaware, West Virginia, and North Carolina. One owner is retiring, while the other is ready to explore new opportunities outside of the insurance industry. There are three staff members that make up this team, all of which are REMOTE. One Customer Service Manager, one Customer Service LSP, and one Licensed Sales Producer. The agency generates $720K in revenue, with a combined premium of $5.6M. It maintains 2,763 policies in force, a retention rate of 74.21%, and a loss ratio of 66.58%.