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Allstate Agency 35 years in the community

West Lafayette, IN (Tippecanoe County)

Allstate Agency 35 years in the community
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Asking Price: $699,000

Cash Flow: N/A

Gross Revenue: $240,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Real Estate: N/A

Established: 1984

Allstate Agency 35 years in the community

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Business Description

This Allstate agency has a a strong relationship with the community in West Lafayette. The agency has high visibility in the community. The agency has maintained a customer retention of 90%. There are lots of opportunity to cross sell financial and life products. With steady customer activity, the agency portfolio holds approximately $2.2MM in earned premium. The agency is located on a heavy trafficked area and the agency provides a welcoming environment for customers. Allstate is unlike many other insurance opportunities in that you own an economic interest in your agency from day one. You can pass it down to the next generation or you can sell it back to Allstate (buyback is guaranteed at 1.5 times the renewal commission value of the book at 5-year vesting). There is no ceiling on the amount you can earn through Allstate's highly competitive commissions. You can also earn performance incentives and rewards. You won’t pay franchise or royalty fees as Allstate would prefer you use those funds to grow your business in areas that you feel will make the best impact. And better still, you can make a difference as an Allstate Agency Owner in your community by helping people protect what matters most.

Detailed Information

Location:
West Lafayette, IN
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office offers 4 monitors, 3 desktops, 3 phones Voip System, 3 desks, one is a custom built desk, 1 copier/fax, and 3 laser printers,
Competition:
Allstate is unlike many other insurance opportunities in that you own an economic interest in your agency from day one. You can pass it down to the next generation or you can sell it back to Allstate (buyback is guaranteed at 1.5 times the renewal commission value of the book at 5-year vesting). There is no ceiling on the amount you can earn through Allstate's highly competitive commissions. You can also earn performance incentives and rewards. You won’t pay franchise or royalty fees as Allstate would prefer you use those funds to grow your business in areas that you feel will make the best impact. And better still, you can make a difference as an Allstate Agency Owner in your community by helping people protect what matters most.
Growth & Expansion:
As an Agency Owner, you are the local brand. Allstate will help you establish and market your agency in your community.They provide marketing funds to promote a wide array of products. Local marketing support to develop and implement successful marketing and advertising plans. Branding of the inside and outside of your agency. Assistance in finding a location for your agency. Potential to open additional locations over time. And much more…
Support & Training:
Allstate provides ongoing education and support for all agency owners and their staff. As you open and begin growing your business, Allstate is behind you every step of the way. You will receive a 10-day hands-on education course at Allstate University. Localized training and education during on-boarding phase. Ongoing education and support about products, sales techniques, productivity tips and marketing tools. Consultation and advice from a dedicated Field Sales Leader to help you grow your business and help with process implementation, including advice on best practices for driving sales to retention. 24/7 support from one of the country’s largest teams of claims professionals. Assistance with after-hours support for customers from Allstate’s Customer Contact Center. And much more…
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(from currently available funds)
 
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Katie Tulpa

Business Listed By:
Katie Tulpa

Vincent P. Nesci, Esq.

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Sponsoring Broker:
Vincent P. Nesci, Esq.

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