Established Agency: 18 Years in the Community.

Decatur, IN (Adams County)

Seller Financing Available
Outside Agency
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Asking Price: Get Financing: $215,000

Cash Flow: N/A

Gross Revenue: $120,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Lease Rate: $650 /Month

Established: 2000

Established Agency: 18 Years in the Community.

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Business Description

This Allstate Agency is turn key and staffed with reliable employees even after the change in ownership. The agency is located downtown Decatur about 2 blocks south of the courthouse. The agency offers over 16,000 leads to contact for new business. By holding approximately $905,000 in earned premium, this agency has a customer retention of 82.4% as of today. The agency has seen an increase in their customer retention in the last 12 months. This agency has 100's of clients to continue to call on for Life and Retirement services along with many who can add additional products and coverages. Included in the purchase offer: 6 desks, 5 desktop computers,1 Laptop, 5 Grand stream VOIP phones, 16000 + leads in DYL campaigns.. 1 laser printers, Allstate Branded lobby furniture and signs. An additional opportunity for this location is the physical building is for sale. As the landlord is retiring, the next owner can take advantage of a great commercial building with continual cash flow from renters. The agency will remain a branded Allstate agent. 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

Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
12/31/2018
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All included in price: 6 desks, 5 desktop computers,1 Laptop, 5 Grand stream VOIP phones, 16000 + leads in DYL campaigns, 1 laser printers, & Allstate Branded lobby furniture and signs.
Competition:
Pros: For the past 18 years, the agency has operated in the same location and has established their presence in the Decatur community. The agency has abundant customers walk in and offers plenty of parking behind the building and along the street. The office provides a large welcoming lobby for customers visiting. It provides 3 separate offices, breakroom for the staff, storage room for supplies and a basement. In Decatur, the agency is across from a local State Farm agent. When State Farm has rate increases, the agency has seen an increase of customers come to their agency to get a quote. 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…
Financing:
Building for sale by landlord; has another business that pays rent, good opporunity
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:
Currently own two other businesses, outside of the industry
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(from currently available funds)
 
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Trisha Mylek

Business Listed By:
Trisha Mylek

Vincent P. Nesci, Esq.

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Sponsoring Broker:
Vincent P. Nesci, Esq.

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