Owner Financing is Available!
Business Overview:
This established Allstate Insurance Agency for sale generates revenue through the initial sale and renewal servicing of property and casualty insurance as well as life insurance. The parent company of this agency also offers additional financial services products that this agency has not yet prospected its current book of business for. According to agency records the practice has nearly $1.8 million in renewal premiums annually.
The gross revenue shown is the annual gross commissions for the agency in 2010. This agency has a 90%+ five year retention rate which creates a very stable revenue stream. If the buyer of this agency is currently with another insurance carrier there are substantial acquisition bonuses to move an existing book of business to this carrier in conjunction with the purchase. 95% of the revenue from this agency today is from consumer home and auto insurance. Additional revenue could be easily generated from the current book of business by prospecting for additional life insurance and securities products. A qualified purchaser will have a property and casualty insurance license, life and health insurance license, and a Series 6 securities license; the purchaser will need to be approved by the parent company of this agency. A purchaser could setup a new office in a new location or lease or purchase the current space.
There are existing employees who are well trained and highly productive that could stay on with the new owner. The current owner is also willing to stay on and train the purchaser as well. This opportunity is very appealing to existing insurance agency owners looking to grow their business via acquisition. This purchase could be easily financed by someone with minimal debt, good credit, and an insurance industry background. Up to 100% financing is available to highly qualified candidates (credit score at 700+, minimal debt, experience in the insurance industry and licensed).
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Career Change
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.