Successful Insurance Agency For Sale

Asking Price$650,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Office 2
Exterior
Main entrance
Waiting Room
Waiting Room
Office Entry
Office 1
Office 1
Break room
Conference Room
Office 2
Exterior
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Successful Insurance Agency For Sale


Asking Price$650,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Business Description
Seize The Day by Buying this $3.5 Million Premium Agency
This is a Great Opportunity, while it's available, as a Good Buy for Future Growth.
The National Allstate Brand Combined with Local Presence in an Established Experienced Agency.
Be Your Own Boss: Hiring, Work Schedules, Creating Your Own Marketing/ Business Strategies.
Competitive Commissions, Potential Monthly Variable Compensation and Six Figure Bonus Potential
Annual Allstate Technology Allowance
Strong Customer Loyalty with a 91% Customer Retention , based on Personal Service.
A Very Profitable Book of Business with a 39% Loss Ratio.
Experienced Staff Open to Continued Employment.
A Galaxy of Insurance Products :Personal Lines within Allstate, Name Brand Life and Financial Company Appointments, and the Expansive Ivantage Network for Commercial and other lines
Allstate's Massive Marketing Campaign across all Media Outlets
Agent Owner Options to Subscribe for Target Blueprint Marketing Campaigns.
Importantly, Allstate just Lowered Auto Rates in Rhode Island, Combined with our Home Bundling Double Discount, offers a Competitive Value Package for Customers.
All of this Adds Up to a Great Buy, at the Right Time ! Contact us Today !
About the Business
Years in Operation
15
Employees
1 Full-time
10Year Licensed Employee
Facilities & Assets
John Norcia Family Allstate Insurance Agency. This is a Turn Key Office Opportunity. The leased 2 office space is located in ReMax Reality Professional Center in Coventry RI. Coventry is centrally located in the heart of Rhode Island the 8th Largest Town in the State. The Office is a stand alone building with curbside presence, plenty of parking, in front of 2 busy shopping plazas. The Office has Spacious and Professional Common Areas: Waiting Room, Conference Room, Breakroom and Two Private Office Rooms with its Office Furniture, Computers and Equipment are included. Rent is $1000 per month and includes utilities and services.
Website
https://agents.allstate.com/john-norcia-coventry-ri.html
Market Outlook / Competition
This is a Great Time to Be with Allstate, as the Company just Lowered Auto Rates in Rhode Island, combined with our Double Discount for Home and Auto Insurance makes us Competitive with other Companies.
Allstate has embarked on a Massive Marketing Campaign across All Media Outlets. Agents can also market via Facebook, Hearsay Social. etc.
Agents can participate in targeted marketing thru the Blueprint Program with a many vendors.
Allstate has a Galaxy of Insurance Products, from Personal Lines Product Menu, Life and Financial Service Appointments with Name Brand Companies; along with expanding the Ivantage Network for Commercial and other lines to meet virtually all types of insurance needs
Opportunities for Growth
This 15 Year Agency has a 91% Customer Retention, resulting from Personalized Service.
The Agency has a 39% Profitable Loss Ratio
Competitive Commissions Plus Potential Monthly Variable Compensation
Annual Max Bonus Potential of $140,000+
Company Trips and Other Incentive Award Offerings
Annual Allstate Technology Allowance
State of the Art Allstate Phone System
Existing Customer Customer Cross Line Sales Opportunities
Targeted Mailing Programs to Drive Plus Sales
Real Estate
Owned or Leased
Leased
Rent
$1,000.00 per month
Lease Expiration
1/2/2027
About the Sale
Seller Motivation
Agent is Retiring and Relocating
Transition Support
Allstate provides World Class Education, Training and Development from Onboarding to continuous training throughout the year for Agents and Support Staff. In house training assistance from the Experienced Licensed Sales Representative, who is open to continued employment, can give additional support.
Financing Options
Wintrust Bank, Oak Street Funding
Listing Info
ID
2514302
Listing Views
18
Business Location

Contact Seller

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Business Listed by: John Norcia (732)300-4038 johnnorcia@allstate.com or Market Sales Leader Linda Clancey (732)618-6236 Linda.Clancey@allstate.com

Listing ID: 2514302 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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