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Elite Allstate Agency for Sale

Detroit, MI, USA
Updated 1 day ago

This ELITE Allstate agency in the Metro Detroit area offers an exceptional opportunity to acquire a well-established, profitable insurance business with a loyal customer base and consistent recurring revenue. Backed by approximately $6 million in written premium, 3,200 policies in force, and $540,000 in annual revenue, the agency is positioned for immediate cash flow and continued growth. Known for delivering personalized service in both English and Arabic, the agency has earned a strong reputation throughout the community, resulting in lasting client relationships and a steady stream of referrals. This bilingual presence has created a meaningful competitive advantage and provides a solid foundation for future expansion. Operationally, the business is both efficient and financially healthy. Annual operating expenses are approximately $250,000, while an impressive 86% retention ratio demonstrates exceptional customer loyalty. A 32% loss ratio further reflects the quality of the book of business and disciplined underwriting, making this an attractive acquisition for both first-time and experienced agency owners. Whether you’re looking to own your first agency or add a high-quality book to an existing operation, this turnkey opportunity offers the scale, profitability, and stability to support long-term success in one of Michigan’s most diverse and resilient insurance markets.

Premium

$6,000,060

Expenses

$250,000

Loss Ratio

32.00%

Retention Ratio

86.00%

Policies In Force

3,200

Financials

Asking Price
$699K
RevenueMost Recent Year
$540K
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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