Listing Details:

• Business Category:                            Insurance
• Price:                                                          $460,000
• Gross Revenue:                                    $226,196   
•  Seller Discretionary Earnings:  $135,051   
• Location:                                                  Twin Cities
•  FF&E:                                                         $4,000
• Employees:                                             1
• Reason for Selling:                            Change Industries
• Support & Training:                               4 weeks
• Non Compete:                                          50 miles for 5 years
                                                                   

Business Description:

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. 

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:

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

Growth Potential:

Acquire with another Allstate agency and take advantage of economies of scale to spur growth and take advantage of Allstate excellent bonuses. 

Operating Hrs:

• Office hours; Monday - Friday 9 to 5

Number Employees: 

• 1 full time licensed agent will stay with the agency. To help with client retention and transition. 

• 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.