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Allstate Agency Ready to Sell

Waterford, MI (Oakland County)

Allstate Agency Ready to Sell
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Asking Price: $900,000

Cash Flow: N/A

Gross Revenue: $340,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $850 /Month

Established: 2012

Allstate Agency Ready to Sell

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Business Description

This Allstate Agency is a turn-key retail location in Waterford, MI. The agency's business portfolio holds over $3.4MM in earned premium. The agency is 2000 sq ft with a finished basement and a welcoming office for customers and staff. In the agency, the staff consists of 2 licensed sales professionals. The price includes all furniture, computers, and a full lead database. 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:
Waterford, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
0
Lease Expiration:
1/1/2021
Employees:
2
Facilities:
7 compliant computers, multiple printers, VOIP phone system, Wall mounted TV, All desks and Allstate branded furniture.
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:
Leaving the industry.
Franchise:
This business is an established franchise
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Contact the Seller

(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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