Business For Sale

Allstate Agency Located in Top Tier Zip Code

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$240,000 $152,265

Services: Financial, Accounting, Insurance


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RE: Allstate Agency Located in Top Tier Zip Code Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $240,000 12.5% Buyer Down Payment: $30,000 12.5% Seller Financing: $30,000 75% Bank Loan: $180,000 After all Debt Service is paid a new owner can expect to have a Net Operation Income (Profit) of $61,527.

Quick Facts

Asking Price: $240,000
Annual Revenue: $152,265
Net Profit: Not Disclosed
Cash Flow: $99,022
Total Debt: Not Disclosed
FF&E: $7,500
Real Estate: Not Disclosed
Year Established: 1973
Employees: 2
BBN Listing #: 447834398
Broker Reference #: PRO008

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Business Overview:

Serving Allstate clients for over 45 years, this agency is an extremely lucrative business. In the Top 2 zip codes for Nebraska Allstate rates, the business is growing continuously. Many benefits are available to a new Allstate Agent including an Executive Advantage Program, covering 50-75% of direct mailing marketing cost and giving the owner an additional $7,000 for marketing. One further opportunity is an enhanced commission program, giving a new owner a bonus starting at 35% for the first 4 years to help offset debt payments.

This Allstate Agency serves a prime market in Omaha which is expecting major growth in the next 5-10 years. The insurance policies are split 90% Home and Auto, 5% Business, and 5% Life/Retirement. With two qualified 1099 employees, clients know that they will be taken care of. One employee is an insurance agent with 45 years of experience. The other employee is primarily responsible for sales. Of 2016’s $152,265 in sales, 65% ($98,972) were annual renewals of previously held policies.

The seller is looking to devote more time to his family and wishes to use this money to invest in other areas. He currently runs this agency from a distance, only investing time in an administrative capacity and when policy holders require his assistance. Growth opportunities are present for a new owner by adding agents to take advantage of the enhanced commission by expanding the business.

A down payment of $30,000 will yield a buyer a $61,527 in the first year after debts, which is a 205% return on the initial investment. With the generous programs from Allstate, there is potential for profits to be greater.

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Property Features and Assets:

Year Established: Under current owner since 2012, Location has served Allstate clients for 45 years Location: Omaha, Nebraska – located in top 2 zip code for Allstate Rates Service Area: Nebraska and Iowa Demographics: Policy holders span a range of age groups – 498 active clients Policy Portfolio: 90% Home and Auto, 5% Business, 5% Life and Retirement Lease: 822 sq. ft. at $1,089/month Reason for Selling: Spend more time with family Employees: 2 - 1099 Employees; Agent with 45 years of experience handles operations and all service inquiries, Sales employee handles quotes and sale of new policies Hours: Monday – Friday: 9AM – 6PM, Saturday: 9AM – 1PM Growth Opportunities: Hire callers to expand client base; expand agency to take advantage of enhanced commission Current Owner’s Responsibilities: Administrative role, handles client concerns the staff cannot address

Market Competition and Expansion:

Growth Opportunities: Hire callers to expand client base; expand agency to take advantage of enhanced commission

Reason for Selling:

Spend more time with family

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 a franchise resale opportunity.

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