Profitable Insurance Agency Fsbo - Established 1997
Location South Bend, Indiana, United States
Asking Price Range $500K - $1.0M
Gross Revenues $2900000
Net Profit / Cash Flow $290000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1997
Number of Employees 1 - 3
Inventory To be determined
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Comprehensive Allstate training for agent and agency sales staff at NO COST to the agency owner.
Reason for Sale Retirement
Customer base established in 1997, this multi-line independently-owned* Allstate insurance agency business has provided an outstanding level of service and commitment to the community in which it operates. The Agency owner has grown this business to just under 3 million dollars in written premium and boosts sustainable residual income and solid customer retention.
This agency is located in the greater South Bend area located in close proximity to Notre Dame University. Office location is within a well-established business area with street level parking and additional parking behind an ideal store front. This book is for sale by the agent-owner and negotiations will take place directly with the seller.
*Agents are independent contractors selling Allstate Insurance & Financial products exclusively; there are no franchise or licensing fees to own an Allstate agency. Agency owners are not employees of Allstate, but own the economic interest of their book of business.
Facilities: EXCELLENT LOCATION with plenty of room to grow. Building is owned by the current agent ($130,000 w/ FF&E). Main floor has work space capacity for 6 to 7 and the building also has a full basement that can be built out to house additional staff or for in-house telemarketing operations.
Growth and Expansion: Cross-Selling opportunity between protective and financial service lines on existing customer base with market opportunity to generate new revenue. Book has $2.9 million in premium, with $290,000 in renewal commissions (paid out monthly). Customer retention rate sits at an outstanding 89%.
Support & Training: Comprehensive Allstate training for agent and agency sales staff at NO COST to the agency owner.
Franchise: This business is a Franchise
The book available is for sale by owner, whom wishes to remain confidential. Please complete the request form for further information and an authorized Allstate representative will get back to you within 2 business days.
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