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An Insurance Agency with 21 Years of Success!

Elkhart, IN (Elkhart County)

Seller Financing Available
An Insurance Agency with 21 Years of Success!
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Asking Price: $311,000

Cash Flow: N/A

Gross Revenue: $139,657

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Rent: $800 /Month

Established: 1997

An Insurance Agency with 21 Years of Success!

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Business Description

After 21 wonderful years with the Allstate Brand, this agency owner is looking to retire. It’s a solid little business with strong retention at 89.33. Business continues to grow modestly through referrals from a loyal customer base. Due to the size of this business, it is poised for growth and would require an investment in staffing and marketing. The business will continue to represent Allstate and will not be sold to a competing brand or independent agent with competing products. Industry experience is not required as Allstate has an extensive (free) training program to the new owner and his/her staff. 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:
Elkhart, IN
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
5/1/2018
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office provides 4 offices, 1 bath, break room. 2 PC's and 2 Monitors all updated. All furnishings can stay with the exception of a few personal items.
Competition:
The agency is located on a heavily traveled stretch of US 33 between Elkhart and Goshen. The agency is located near local auto body shops and successful business in he Elkhart area. 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…
Reason for Selling:
After 21+ years with Allstate, I am looking to retire.
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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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