Allstate Agency Earn Residual Income
Not Disclosed, MN Koochiching County
Seller's Contact Information
- RE: Allstate Agency Earn Residual Income
- Contact: 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 |
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 homebased business opportunity.
- This is not a franchise resale opportunity
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