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$8m Multi Location Allstate Insurance Agency For Sale

Indiana, US
Asking Price:
$1,999,000 Furniture / Fixtures included
Sales Revenue:
$1,005,023
Cash Flow:
$465,037

Opportunity to acquire a well established premiere Allstate insurance agency with multiple locations. In 2019 the agency produced over $8 Million in earned agency premium and generated over $1 Million in revenues. There is already a team of licensed professionals in place and a renewal rate of nearly 90%. An existing agent could significantly expand their book of business, or someone looking for a recession resistant business could potentially acquire an entrepreneurial opportunity with one of the nation's largest and strongest companies.

Property Information

Premises Details:

There are 4 offices located across a 45 mile stretch of Indiana that encompasses both suburban and rural populations. There is potential to consolidate the offices and reduce the agency costs. The seller owns 3 of the 4 buildings that the offices are located within and those buildings may be available to purchase if the buyer wishes to acquire the real estate.

Business Operation

Expansion Potential:

The current agent refers financial services within company, but if the buyer chose to offer those services in house they would have a tremendous source of leads in the existing book of business.

Competition / Market:

Insurance is an essential business and considered recession resistant.

Reasons for selling:

Retirement & Other Business Interests

Trading hours:

Monday - Friday 8:30 am - 5:30 pm

Employees:
6 FT
Years established:
12 Years

Other Information

Support & training:

Will train for 2 weeks @ no cost
The buyer must be approved by corporation. The buyer must acquire Series 6 & 63 licenses in addition to Property & Casualty, and Life & Health licenses.

Furniture / Fixtures value:
$30,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Murphy Business & Financial

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