Allstate Insurance Agency in Yonkers, NY for Sale

This is a well-established Allstate insurance agency located in Yonkers, NY, within the affluent Westchester County. The agency owner, a perennial Allstate Award Winner, is retiring after over forty years in business. The agency boasts a strong customer base with an excellent retention ratio exceeding 90% and a profitable loss ratio below 50%. The auto book is 99.8% preferred, and the property book primarily consists of homeowners and condos. With three licensed professionals and two experienced support staff already in place, the agency is well-positioned for continued growth, offering significant opportunities in cross-sales, life insurance, and financial services. The location is available, and the current lease expires in October 2024. Furniture and equipment are included. Bank and seller financing options may be available.