Allstate Agency in Bangor, Maine
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
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