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Allstate Agency 45 years in the community

Clinton Township, MI (Macomb County)

Allstate Agency 45 years in the community
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $164,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $1,200 /Month

Established: 1974

Allstate Agency 45 years in the community

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Business Description

This Allstate Agency has been in business for 45 years! Located in Clinton Township, this agency has seen a continual increase in customer activity and is operating with 87% customer retention rate. The health of the business is largely due to their location. The agency is neighboring subdivisions, apartment complexes, and condominium developments in every direction. The agency’s business portfolio holds $1.85 million in earned premium. The value in owning an Allstate Agency is the financial and personal growth potential. The agency will remain a branded Allstate agent. Insurance and Financial Licenses are not required to inquire about this business as long as the buyer obtains PC, LH licensing during on boarding and FINRA licenses post acquisition. No Felonies of any kind and no bankruptcies in the past 10 years are required to qualify. You will also need to show Allstate that you have access to $100k in capital. If seeking business loan for the purchase, you will need to have at least $30k liquid prior to securing funding. You will be required to speak Directly with an Allstate representative, complete an online profile and short online assessment prior to a buyer seller introduction - no exceptions. This agency is not authorized to sell to a buyer that has competing products and services. Any buyer with a competing business who plans to purchase and merge in that business will not be considered. Any buyer with a competing business that plans and keep both businesses will not be considered as this would be a conflict of interest for the Allstate brand. No Broker inquiries please!

Detailed Information

Location:
Clinton Township, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
7/31/2018
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Included in the sale of the business is a Polycom phone system (used with VOIP carrier 8x8), 4 desks, chairs, credenzas, file cabinets, shelving in storage room, etc.
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:
Family Reasons.
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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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