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Asking Price$750,000
Revenue$2,605,341 Established1981
Cash FlowUndisclosed Employees4 full-time
FF&EUndisclosed FranchiseYes
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This is a well-established Allstate Insurance and Financial Services Agency with 35 years in the same location. The health of the business is strong and predictable with high customer retention rate and a 24MM loss ratio of 38.02%. Premium level has held steady at $2.5 Million bringing in $260K a year in renewal revenue. Agency is poised for new ownership to launch fresh marketing and will need to increase staff levels. This is the only Allstate agent on the West Side of South Bend making this perfect timing for an acquisition and revitalization. All prospective buyers will go through Allstate’s candidate screening process prior to buyer seller introduction. Negotiations on the sale of this business will remain between buyer and seller with Allstate giving final approval. Prospective buyers must contact the poster of this ad for consideration. The seller has asked not to be contacted directly.
Facilities:Building is approximately 1400 Sq Ft with a finished basement. 24 * 30 Pole Barn on office property for storage and indoor parking. There are 5 offices, 1 full bath, kitchen / cafeteria area. Off Street parking available. 5 PC's and 10 Monitors all updated between 12/2015 and 01/2016. All Furnishings can stay with the exception of a few personal items
Training/Support:Free training and support - ongoing.
Sale Reason:Retirement
Ad #97461
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Allstate North Central Region
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