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Asking Price$60,000
Revenue$397,000 Established2015
Cash FlowUndisclosed Employees2 full-time
FF&E$23,000* FranchiseYes
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This multi-line well known insurance agency is professionally branded with Allstate's retail environment and color palette. It is located in a popular Southwest Ohio community and has the benefit of conducting business across the border to Indiana. Office environment is literally turnkey and would allow buying agent to come in with little or no modification and assume business.
Facilities:Store front that is located in a retail strip mall. About 1,400 square feet with 5 offices, plus larger Agent Office. Also, Reception Desk, Reception area, telemarketer workroom, 2 restrooms, resource room, and kitchenette. 5 desks, conference table (currently not in use), a 3-in-one laser printer, 5 office printers, HD security system, local area network with wireless, clients chairs, plus office swivel. Completely branded to Allstate color palette. Literally turnkey. Office lease expires on 12/31/17. Buyer can renegotiate long term lease or move locations.
Competition:Allstate is an Industry leader and a household name. Name recognition will help drive traffic to your business. This is one of three agencies in town, others: State Farm and in independent agency. This agency also has policies in Ohio and some in Indiana due to proximity of the Indiana border. Insurance is a very reliable industry. Everyone needs insurance and it's mandatory in many situations. Regular renewals from existing policies give you a steady stream of dependable income while you work to grow your business.
Growth Potential:Large percentage of book is based in the community in which it is located. This community is easy to market to and gauge ROI. Add in the ability to sell in Indiana makes this office well is situated for optimal growth and opportunity. Allstate does leave the possibility open for additional locations contingent on the success of the original agency. Earnings potential is unlimited and depends on the size of your agency and how much money you are willing to invest up front to grow your business. The harder you work, the more you can potentially make. The majority of agents earn between $151,000 and $357,000 in gross income, and the top 10% of agents earn $543,000 or more in gross income. * Based on a majority of Allstate Exclusive Agent's gross income earned during 2015, excluding Allstate Exclusive Agents with less than 13 months of affiliation and Allstate New Jersey Exclusive Agents. Individual results will vary. Past results are no guarantee of future performance.
Training/Support:Industry experience is not required. Current owner is willing to make himself available as much as new buyer would want/need to assure a smooth transition and client retention. As an Allstate Agency Owner you will have ongoing dedicated support from a local Field Sales Leader. You will receive 5 to 8 weeks of extensive education* to get you started. Plus, you and your staff will receive ongoing education and support as you continue to grow your agency over the years. Allstate provides a free, customizable agency website exclusively for you, along with a comprehensive local marketing plan including customized print, direct mail and radio ads to promote your agency to customers. * Subject to the Allstate Education Agreement.
Seller Financing:NO
Sale Reason:Leaving the industry to focus on other interests
Ad #94653
Seller Reference #DET07102017
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Allstate North Central Region
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