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Allstate Agency Ready To Sell
Location: United States -> Michigan -> Cincinnati
Industry: Business Services > Financial




Business Summary

Pretty much turnkey sale. Agency was around for 30 years before I purchased it 22 years ago. Solid retention, 90-93% for almost past 10 years. Plenty room for growth in today's business world with someone more technology minded than me. Allstate is unlike many other insurance opportunities in that you own an economic interest in your agency from day one. You can pass it down to the next generation or you can sell it back to Allstate (buyback is guaranteed at 1.5 times the renewal commission value of the book at 5-year vesting). There is no ceiling on the amount you can earn
through Allstate's highly competitive commissions. You can also earn performance incentives and rewards. You won't pay franchise or royalty fees as Allstate would prefer you use those funds to grow your business in areas that you feel will make the best impact. And better still, you can make a difference as an Allstate Agency Owner in your community by helping people protect what matters most.

If interested- contact Katie at 313-460-8090


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Inventory:  $6,000
Seller Financing:  Yes

About The Business

Year Established:  1965
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Allstate provides award winning training through the onboarding phase and beyond.
Reason For Selling:  Retirement




Print Listing Id: 700352017
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Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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