Insurance Agency Established 35 years

South Bend, IN (St Joseph County)

Insurance Agency Established 35 years
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Asking Price: Get Financing: $750,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1981

Insurance Agency Established 35 years

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Business Description

This is a well-established Allstate Insurance and Financial Services Agency with 35 years in the same location. The health of the business is strong and predictable with high customer retention rate and a 24MM loss ratio of 38.02%. Premium level has held steady at $2.5 Million bringing in $260K a year in renewal revenue. Agency is poised for new ownership to launch fresh marketing and will need to increase staff levels. This is the only Allstate agent on the West Side of South Bend making this perfect timing for an acquisition and revitalization. All prospective buyers will go through Allstate’s candidate screening process prior to buyer seller introduction. Negotiations on the sale of this business will remain between buyer and seller with Allstate giving final approval. Prospective buyers must contact the poster of this ad for consideration. The seller has asked not to be contacted directly.

Detailed Information

Employees:
4
Facilities:
Building is approximately 1400 Sq Ft with a finished basement. 24 * 30 Pole Barn on office property for storage and indoor parking. There are 5 offices, 1 full bath, kitchen / cafeteria area. Off Street parking available. 5 PC's and 10 Monitors all updated between 12/2015 and 01/2016. All Furnishings can stay with the exception of a few personal items
Support & Training:
ongoing training and support from Allstate
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
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Contact the Seller

(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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