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Established Insurance Agency For Sale

Highland, MI (Oakland County)

Seller Financing Available
Established Insurance Agency For Sale
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Asking Price: $361,000

Cash Flow: N/A

Gross Revenue: $191,200

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Rent: $1,850 /Month

Established: 2014

Established Insurance Agency For Sale

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Business Description

This Allstate agency has developed a substantial presence and relationship in their community. The agency staffs six reliable employees including four licensed sales professionals and two customer service representatives. The agency portfolio holds approximately $1,912,000 in earned premium. The agency is located on a heavy trafficked strip mall and the agency provides a welcoming environment for customers. The agency has a current customer retention rate of 79%. 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:
Highland, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
8/31/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8 desks, 16 chairs, 2 offices custom built for manager and EFS, w/ 6 stations in main plus customer waiting area, kitchen & bath, storage
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 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
Franchise:
This business is an established franchise
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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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