Allstate agency earn residual income

Not Disclosed, MN


Asking Price: Annual Revenue:
$460,000 $229,196

Services: Financial, Accounting, Insurance


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RE: Allstate agency earn residual income Broker: Dan Huber

Quick Facts

Asking Price: $460,000
Annual Revenue: $229,196
Net Profit: Not Disclosed
Cash Flow: $135,051
Total Debt: Not Disclosed
FF&E: $4,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 2
BBN Listing #: 257750297
Broker Reference #: 17441-499170

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Business Overview:

The agency was started over 40 years ago, with the current agent buying the business in 2003. Family owned and operated with strong ties to the community, adding strong long term clients, with multiple polices per household. This business averages 2 polices per household and 71 percent of the client have multiple policies. Loss ratio of 31% and retention rate of 88%

Awards won by this agency include; Honor ring
A long term relationship with a life and financial service specialist allows this agency to sell life insurance and financial services to their clients.
This agency uses eAgent software, to follow up with and retain client long term. This will put the new owner in a great position for a strong client transition.
Agency started 1974, Current agent started as an agent in 2000, and purchased the agency in 2003.

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Reason for Selling:

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.

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