Listing Details:

  • Business Category:            Insurance
  • Price:                                           $1,116,616
  • Gross Revenue:                    $420,137   
  • SDE:                                             $265,302
  • Location:                                   Twin Cities Metro
  •  FF&E:                                          $5,000
  • Employees:                               2
  • Reason for Selling:              Change Industries
  • Support & Training:                4 weeks
  • Non Compete:                           50 miles for 5 years
                                                                     

Business Description:

These Allstate agencies are turnkey and set for the new owner to take over and grow the business. Experienced licensed staff, Life insurance specialist, software and a high client retention rate are all in place. In addition these agencies have long term staff that will stay with the business and help the new owner with sales and client retention.

The agency was started over 40 years ago, with the current agent buying the business in 2006. Being part of the community, adding strong long-term clients, with multiple polices per household. This business averages 2.25 polices per household and 80 percent of the client have multiple policies.

Awards won by these agencies include: Honor Ring, Client Loyalty, Century Club.

A long-term relationship with a life insurance and financial service specialist allows this agency to sell life insurance and financial services to their clients.

Both agencies use E agent software, to follow up with and retain clients long term. This will put the new owner in a great position for a strong client transition. In addition, there is 1 experienced customer service

Allstate is one of the strongest brands in the industry. Join an industry with products and services everyone and every business is required to have and needs. Build a residual income.

There is excellent growth potential in this business. According to Allstate the top 10 % of Allstate agency owners have $ 500,000 or more in revenue.

Business History:

One Agency started 1985, Current agent started as an agent in 1993, and purchased the agency in 2006.

The other Agency started 1974, Current agent started as an agent in 2000, and purchased the agency in 2003.

Growth Potential:

Hire another sales producer 

Operating Hours:

  • Office hours; 9 to 5 Monday-Friday

Number Employees: 

  • Full time current partner willing to stay on with new owner
  •  Full Time 1 Licensed agent, 6 years with agency
  • Part Time 1, Life and financial representative Allstate employee
    Allstate pays direct, the agency gets a commission when this life and financial specialist sells a policy. Excellent long term referral relationship in place.

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