Allstate Agency Ready To Sell

Listing ID: 700352017

Listing Title: Allstate Agency Ready To Sell

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Industry: Business Services

Industry Segment: Financial

Country: United States

State / Province: Michigan


City: Cincinnati

Asking Price Range: $500K - $1.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 1965

Number of Employees: 1 - 3

Business Description:
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

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