An Allstate branded multi-line insurance agency is for sale by owner operator in the West Park area of Cleveland, OH. Current owner would like to retire. Location comes with a takeover of the current lease which is about ½ of the standard lease for the area. Ample free parking behind the building and metered parking in front of the store. Location is well situated and known in the community! There are several banks, restaurants, entertainment venues, and community gathering spaces in the vicinity. Very visible! Currently has two staff members who may stay on. Allstate corporate will want the new owner to add additional staff and Allstate does provide recruitment support to its new and existing owners. This a new listing and Allstate does anticipate a lot of interest as the size of this book qualifies for their enhanced compensation plan.
Allstate agency owners are true independent business owners who own the economic interest of their business from day one. All pricing negotiations will occur between buyer and seller directly as per Allstate’s contract terms with their agents meaning that Allstate will not be involved in the buyer seller negotiations but does have final approval. In addition, Allstate does not collect any funds and does not charge any franchise fees or royalties to operate under their brand name. However, to protect their brand and their agents who are selling, regardless of the asking price, Allstate requires a “showing” of at least $100k in operating capital future along in the process. Acceptable forms of capital will be discussed directly with an Allstate representative during the initial phone consultation with Allstate’s recruitment team. During this call you will be asked to “verbally” verify your capital capabilities, verbally verify that you have a clean credit and criminal record, and you will also be required to complete an online profile with employment history, and complete their traits assessment with a passing score prior to any seller introductions. No formal background criminal/credit screenings or capital verification will take place until later in the process.
For additional information, please complete the inquirer form and we will respond within 2 business days.
Seller Reference #MWCLEV_032817
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