Allstate Agency, Elite Status- Great Loss Ratio 47% Retention 90%
Business Description
Beautiful Office Setting - Custom Furniture - Located in well established part of the city. Bi-lingual
office manager. This Allstate Agency is a winner for many of the Corporate Awards. It is located on the ground Floor with the Lease and CAM $3,500 per month and a 5 year Lease if Buyer prefers. Also, the owner would give the first right of refusal to the Agency owner.
office manager. This Allstate Agency is a winner for many of the Corporate Awards. It is located on the ground Floor with the Lease and CAM $3,500 per month and a 5 year Lease if Buyer prefers. Also, the owner would give the first right of refusal to the Agency owner.
About the Business
- Years in Operation
- 28
- Number of Employees
- 2
- Currently Relocatable
- Yes
- Facilities & Assets
- The Agent owns the building therefore it has been maintained at a high mark. This is an "Elite" status Agency, with an outstanding record of customer service. The fact that this Allstate agency has a 90% Retention speaks for itself. The Seller pays a salary to himself along with quarterly bonus.
- Market Outlook / Competition
- Allstate is the largest Auto Stock Company in the USA. Therefore the opportunities for growth comes because of the advertising and the fact that Allstate is in every State in the country. Allstate is very
aggressive with sales of Auto Insurance. They want growth in the Casualty Insurance Business and they pay their Agents in a new mode called Variable Compensation. If the Agent meets the company goals for sales and Underwriting they can receive 20% on new Business and an additional 4% on the Auto Book of business for the first Renewal. - Opportunities for Growth
- Allstate allows it's Agents to acquire additional Agencies if they are meeting company goals. That is the privilege of owning your own Agency. If you would like to call Dale Huffman at 714-928-5138 he can answer your questions about purchasing this agency along with helping you on the financing possibilities.
About the Sale
- Seller Motivation
- The Seller has put in 30 years as an insurance and is retiring.
- Transition Support
- The owners would train the Buyer for a period of one month. After that period of time the owner would take on the roll of a consultant. Allstate always has constant training done on a virtual basis.
- Financing Options
- For a qualified Buyer there would be the possibility of Seller carrying a Note.
Listing Info
- ID
- 2411315
- Listing Views
- 14
Listing ID: 2411315 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleCalifornia Businesses for SaleCalifornia Financial Businesses for SaleCalifornia Insurance Agents Businesses for Sale
Similar Listings
