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Allstate Insurance Agency $2,500,000

Rochester, NY (Monroe County)

Allstate Insurance Agency $2,500,000
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Asking Price: $625,000

Cash Flow: N/A

Gross Revenue: $2,500,000

EBITDA: N/A

FF&E: $5,000

Inventory: $2,500,000

Rent: $1,000 /Month

Established: N/A

Allstate Insurance Agency $2,500,000

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Business Description

Allstate Agency grossing $2,500,000 in earned premiums. Great opportunity for a financial services professional who wants to expand his own business.

Detailed Information

Location:
Rochester, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
1Ft 3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Established “turnkey” 30 year Allstate Agency is located in a desirable community and highly visible location. The business is housed in a 1,400 square foot stand-alone building with adequate parking and highly visible signage. This $2,500,000 earned premium agency consists of auto/homeowner customer base with excellent opportunity for growth in cross sales as we as life and financial services. Great potential to increase revenue through new and renewal commissions as well as annual performance bonus based on retention and new business. In addition to the owner agent there are three licensed employees in place who will remain after the sale to aid in the transition. The rent is $1,000 per month and the owner of the property works part time at the agency.
Competition:
Being one the top insurance companies in the country affords the agent the opportunity to own and grow a business (while building equity) that has exceptional support, full range of products in fire and casualty along with life and financial services.
Growth & Expansion:
The business is truly turn-key and a new agent can grow the business from existing customer base by offering additional products and prospecting for new business.
Support & Training:
Training for a new agent consists of one week in Chicago and three-weeks in Long Island prior to taking over the agency. Expenses for this training are reimbursed once the agency is transferred. Local support is available as needed. Buyer is required to obtain mandatory insurances licenses, which can be taken locally at Bryant and Stratton.
Reason for Selling:
Owner has out of town opportunity.
Franchise:
This business is an established franchise
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Gene Wachala

Business Listed By:
Gene Wachala

Gene Wachala Broker

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