Allstate Agency Mega in Burlingame Area 30 years in Business
Business Description
This is one of the Premier Elite Agencies with Allstate Insurance Company. It has a 49% Loss Ratio and 90% Retention. The Staff is highly trained and Manager has been with the Agency over 15 years. The Lease is exvellent at $2000 per month and has 1000 sq. ft. Allstate provides world wide trips for its Agents when they qualify on production. Totally paid for by the Company with spouse also included. Agent is retiring but will totally be involved with training.
About the Business
- Years in Operation
- 31
- Number of Employees
- 3
- Facilities & Assets
- The agency has been in this location for 30 years and the Lease is automatically renewed each year. It currently is at $2,000 per month and is a triple Net Lease. The Seller is willing to carry a Note for a qualified Buyer.
- Market Outlook / Competition
- Allstate has opened the company underwriting and is now allowing the Agency Force to write Automobile Insurance with no limits on the production. There is also a new compensation plan that allows agents to receive 20% for new business production in Autos and that is predicated on the budget that each agent has and based on the size of his/her Agency. This is a new benefit with the Allstate Insurance Company.
- Opportunities for Growth
- Allstate is a growth oriented company and does not limit its agents on how much they can write in the Casualty Business. There are Underwriting Guidelines that need to me maintained in order for the company to be profitable but each agent knows what they are, receives on going training for Owners and Staff Associates.
About the Sale
- Seller Motivation
- This Agent has been in business for over 30 years and is retiring
- Transition Support
- Allstate gives the training for the purchase of an Agency. The current Seller will stay and train for 60days then be available for on going virtual training. The manage is capable of managing the office for extended periods of time. Contact Dale Huffman at 714-928-5138.
- Financing Options
- Sell would carrying a Note.
Listing Info
- ID
- 2268481
- Listing Views
- 1989
Listing ID: 2268481 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
