Santa Clara, CA

SOLD BY DALE HUFFMAN

Well established, highly profitable, ELITE Allstate Agency for sale in heart of the Silicon Valley. Currently on the Physical Location Flexibility Program. Hub agency is in Burlingame, CA but 90% + of customers in Santa Clara and surrounding area. 2 small offices for 3 employees max. Family run at the moment with myself, my wife and 2 children employed. No one will remain after the sale. Cannot hold any personal note for any amount of the sale. Great customer base with many high net worth customers. Great Retention and Loss Ratio. Lease does not come into play if different location is desired. Approximate $ 4,200,000 Allstate premium,
$ 400,000 California Earthquake Premium, and $ 400,000 - Ivantage Brokerage Premium.

Financials

• Asking Price
  1,225,000
• Agency Earned Premium
  $5,000,000
• Agency Revenues (Annual)
  $525,000
• Agency Overhead Expenses (Annual)
  $250,000
• Policies in Force
  2,347
• Retention Ratio
  93.79%
• Loss Ratio
  33.50%

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