50 year Allstate Agency Available Due to Owner Retirement

Asking Price$2,925,000

Cash Flow

EBITDA$770,430

Gross Revenue$1,201,297

Inventory$1,000
Not included in asking price
FF&E$25,000
Included in asking price
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50 year Allstate Agency Available Due to Owner Retirement


Asking Price$2,925,000

Cash Flow

EBITDA$770,430

Gross Revenue$1,201,297

Inventory$1,000
Not included in asking price
FF&E$25,000
Included in asking price
Business Description
Large Established Insurance Agency
*Picture is not the actual location. It's just a representative example.

Allstate requires the purchaser to be an owner/operator so no strategics, P/E's or absentee owner arrangements. Must live in the Houston area and the first step is getting approved by Allstate management before personal information will be released. I will assist you through all steps of the process. MUST have at least $300,000 to put down to qualify for an SBA loan PLUS working capital. Cannot finance working capital needs of $100,000.

Priced based on no owner financing and price is firm as we get tremendous interest in these listings. It's extremely difficult to find large agencies for sale.

These numbers don't include another $480,000 that falls to the bottom line by maximizing the bonus opportunity.
About the Business
Years in Operation
56
Employees
5 Full-time
Facilities & Assets
Typical insurance office with a lot of walk in traffic in SE Houston area.
Website
https://www.allstate.com/lps/ea?adobe_mc=MCORGID%3D97021C8B53295DF30A490D4D%2540
Market Outlook / Competition
Other insurance agents.
Opportunities for Growth
Unlimited
Real Estate
Owned or Leased
Leased
Rent
$2,000.00 per month
Lease Expiration
12/31/2026
About the Sale
Seller Motivation
Agent is ready to retire.
Transition Support
Allstate provides complete training before closing on the business then the retiring agent and broker are both available afterwards to ensure your success.
Financing Options
no seller financing, qualifies for SBA
Listing Info
ID
2510987
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Business Listed by: Adam Pisani

Listing ID: 2510987 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.


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