Insurance Agency with Growth Potential

Lafayette, IN (Tippecanoe County)

Insurance Agency with Growth Potential
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Asking Price: $90,000

Cash Flow: N/A

Gross Revenue: $62,000

EBITDA: N/A

FF&E: $8,000

Inventory: N/A

Rent: $1,440 /Month

Established: 2018

Insurance Agency with Growth Potential

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Business Description

This Allstate Agency is turn key and staffed with four reliable employees including three licensed sales professionals and one telemarketer. The agency’s business portfolio holds over $621,000 in earned premium and operates with an 86% customer retention. Included in the purchase, there are desks, computers and chairs. 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

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
11/30/2022
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All desks, computers, computer accessories, and chairs.
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 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:
Leaving industry
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(from currently available funds)
 
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Katie Moore

Business Listed By:
Katie Moore

Vincent P. Nesci, Esq.

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Sponsoring Broker:
Vincent P. Nesci, Esq.

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