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Allstate Insurance Agency in Southeastern MA

Allstate Insurance Agency in Southeastern MA
Listing
1730
Demand for Automotive, Property and Casualty Insurance Incereasing
Southeastern Massachusetts
Revenue
$443,000 (2021 Commissions)
Cash Flow
2021 YTD: $206,000
Asking Price
$529,000
Asking price details
Includes FFE est. at $10,700
Business Description

This Insurance business is an Allstate insurance agency that provides automobile and property & casualty insurance. It also provides life and retirement products and other products available through Allstate. Operators generate income via commissions earned on policies sold. As a result, industry revenue increases as policy prices and volumes increase. This agency services local renters and homeowners, small business owners, and walk ins. The business is near the Massachusetts Registry of Motor Vehicles (RMV), which is prime for immediate insurance needs.

Growth Expansion and Opportunities

Rebounding new and used car sales will increase business and commissions. Overall, industry revenue is expected to increase an annualized 2.6% to $210.8 billion over the next five years. Insurance is an excellent opportunity to take advantage of industry growth. The business has established an excellent reputation thanks to its competitive rates, national brand, and local presence. Opportunities also exist to expand the business by adding more salespeople, moving to a new office location, and/or selling additional products in the future. Additionally, a new interactive website with product availability, the business should benefit with increased sales and profits.

Support & Training

The seller will provide training and support to ensure a smooth transition

Reason Selling
Retirement
Employees
3 FT plus owner
Terms
A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Brian Labonte

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