Gain instant scale in the insurance agency industry

Asking Price$2,500,000

Cash Flow

EBITDA$695,361

Gross Revenue$135,036,177

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Gain instant scale in the insurance agency industry


Asking Price$2,500,000

Cash Flow

EBITDA$695,361

Gross Revenue$135,036,177

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
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 $275,000 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.

These numbers don't include another $400,000 that falls to the bottom line by maximizing the bonus opportunity and current agent has been doing that for many years.
About the Business
Years in Operation
11
Employees
6 Full-time
Currently Relocatable
Yes
Facilities & Assets
*Picture is just a representative example. Not the current location. Current agent leases a location and you'll have the opportunity to move to a new leased location within the Houston metroplex.
Website
https://www.allstate.com
Market Outlook / Competition
Other insurance agents.
Opportunities for Growth
There is a tremendous opportunity to grow both through organic growth and acquisitions
About the Sale
Seller Motivation
Downsizing due to other interests and obligations.
Transition Support
Current agent and broker will both provide full support to help ensure your success in addition to Allstate's requirements that you attend two months of training prior to purchase.
Financing Options
Qualifies for SBA lending
Listing Info
ID
2519917
Listing Views
28

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Business Listed by: Adam Pisani

Listing ID: 2519917 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.