Allstate Insurance Agency for 25 years in the County of Sacramento

Sacramento County, CA

Seller Financing Available

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Asking Price:$775,000
Inventory:$10,000
Established Year:1999
Gross Revenue:$420,000
FF&E:$10,000
BUSINESS DESCRIPTION

This is one of Allstate's Elite Agencies with Allstate Insurance Company. The Lease is excellent at $1,400 per month and has 700 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 until the Seller feels qualified to run the Agency


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
1.5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Agency office is a quality location. Parking is excellent and the facilities are done in a professional manner.
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 31% 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.
Growth & Expansion
It is possible for an Allstate Agency to purchase additional agencies on an on going basis if they continue to meet company expectations and have trained staff to handle the additional sales and servicing of accounts.
Financing
For a quality buyer up to $100,000 10-year Note 6.5%/
Support & Training
Allstate gives the training for the purchase of an Agency. The current Seller will stay and train for 60 days then be available for on going virtual training.
Reason for Selling
The owner is retiring from the business
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Dale Huffman
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Dale Huffman