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Community Driven for the Past 22 years!

Indianapolis, IN (Marion County) (Relocatable)

Seller Financing Available
Community Driven for the Past 22 years!
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $139,744

EBITDA: N/A

FF&E: $30,000

Inventory: N/A

Rent: $1,879 /Month

Established: 1997

Community Driven for the Past 22 years!

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Business Description

Over the past 21 years, this Allstate agency has developed a substantial presence and relationship in the Indianapolis community. The office is located on the corner of Emerson Ave and Stop 11 Road which is directly across the street from St. Francis Hospital. The agency has high visibility in the community and has a current customer retention rate of 85.9%. In the past year, the agency has invested in updates on the exterior and interior of the building. With a continual increase in new customer activity, the agency portfolio holds approximately $1,397,445 in earned premium. The agency will remain a branded Allstate agency. The new owner will not be allowed to sell outside competing products or services. Insurance and Financial Licenses are not required to inquire about this business as long as the buyer obtains licensing post purchase approval from Allstate corporate.

Detailed Information

Location:
Indianapolis, IN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
3/31/2022
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In 2017, the agency completely renovated the interior and exterior. There is a full kitchen with a microwave and dishwasher.
Competition:
The agency is located on a heavily traveled stretch of Emerson Ave and Stop 11 Road. In the nearby area, new homes and apartments are being built which makes it a nice location for an agency. All equipment will be included in the asking price. 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 onboarding 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:
Retirement
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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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