$8M+ Multi Location Allstate Insurance Agency

Not Disclosed, IN

Asking Price: Annual Revenue:
$1,999,000 $1,005,023

Services: Professional

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RE: $8M+ Multi Location Allstate Insurance Agency Broker: Phil Eleson

Quick Facts

Asking Price: $1,999,000
Annual Revenue: $1,005,023
Net Profit: Not Disclosed
Cash Flow: $465,037
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 6
BBN Listing #: 67674955
Broker Reference #: 1902-15768

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Business Overview:

Opportunity to acquire a well established premiere Allstate insurance agency with multiple locations. In 2019 the agency produced over $8 Million in earned agency premium and generated over $1 Million in revenues. There is already a team of licensed professionals in place and a renewal rate of nearly 90%. An existing agent could significantly expand their book of business, or someone looking for a recession resistant business could potentially acquire an entrepreneurial opportunity with one of the nation's largest and strongest companies.

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Property Features and Assets:

There are 4 offices located across a 45 mile stretch of Indiana that encompasses both suburban and rural populations. There is potential to consolidate the offices and reduce the agency costs. The seller owns 3 of the 4 buildings that the offices are located within and those buildings may be available to purchase if the buyer wishes to acquire the real estate. Rent for all 4 locations will be $3,500/month. If the two suburban Indianapolis locations are consolidated the ongoing rent will be $2,500/month. Assets=$30,00

Market Competition and Expansion:

Insurance is an essential business and considered recession resistant. The current agent refers financial services within company, but if the buyer chose to offer those services in house they would have a tremendous source of leads in the existing book of business.

Reason for Selling:

Retirement & Other Business Interests.

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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