Allstate Insurance Agency in Charleston, SC

This listing presents a well-established ELITE Allstate insurance agency situated in historic Charleston, SC. With over 13 years of operation at the same location, the agency has built a strong foundation. It generates $4.75 million in earned premium, composed of $4.25 million in Allstate premium, $370,000 from a brokered book, and $100,000 in SC Wind & Hail premium. The agency serves a preferred customer base for auto and homeowner insurance, maintaining a loss ratio below 60% and a retention rate above 90%. Significant growth potential exists through cross-selling opportunities and expansion into life and financial services. The business operates from a 1,000 sqft leased office space in a visible strip center with ample parking. The current lease is $1,400 per month, with renewal terms available starting January 1, 2025. The agency is supported by 3 licensed staff members, 2 of whom are willing to transition to the new owner. The seller is committed to providing transition assistance and guidance. Furniture and equipment are included in the sale. This is a turnkey opportunity in a prime Charleston location.