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Allstate Agency in Bangor, Maine

Bangor, ME, USA
Updated 1 day ago

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 $6.2 million written premium book and serves 4,462 policies-in-force. With an outstanding 88.27% 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.

Premium

$6,444,075

Expenses

$266,000

Loss Ratio

46.87%

Retention Ratio

88.27%

Policies In Force

4,462

Reason for Selling

owner prepares for retirement

Financials

Asking Price
$1.3M
RevenueMost Recent Year
$843K
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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