$ 3.8 M Elite Allstate agency for sale in Carmichael CA

Seller Financing Available

Approved SBA loan * Independently appraised at $ 898000 * -

Organically grown from scratch since 2000, ONLY Allstate agency in Carmichael CALIFORNIA ( 8329 Fair Oaks Blvd ste. G ) , multiple awards agency ( Honor ring recipient, Inner circle, Leaders Forum) , Elite agent and yearly bonus every year ( average commission including bonus over the last 3 years $350000, in 2023 over $ 429000 ) . Independently appraised for $ 898000 . SBA loan in place for a potential buyer . Beautiful office, lots of natural light, open space, agent owns the building where the agency functions and is ready and willing to help with the transition. Turn key operation with very good selling and retention processes and procedures.
Allstate has opened the company underwriting and is now allowing the Agency Force to write Automobile Insurance with no limits on the production. There is also a new compensation plan that allows agents to receive 31% for new business production in Autos and that is predicated on the budget that each agent has and based on the size of his/her Agency. This is a new benefit with the Allstate Insurance Company.

• Agency Earned Premium
$3.8M
• Agency Revenues (Annual)
$400000+
• Agency Overhead Expenses (Annual)
$60000
• Policies in Force
1800
• Retention Ratio
77%
• Loss Ratio
56%
• Furniture, computers and signs included in sale
• Paid up Ideal traits membership ( employment software ) for 2025 which can be transferred to buyer

Key Benefits:

1) Thriving Business: This established insurance agency has experienced steady growth through strategic grassroots and local marketing efforts. It's a business that's already on an upward trajectory, poised for further success.

2) Strong Customer Base: Take advantage of the existing book of business, boasting over 2000 policies in force. This will provide you with a solid foundation and a loyal customer base to build upon.

3) Financial Transparency: Comprehensive profit/loss/expense reports are available, giving you a clear picture of the agency's financial performance.

4) Lease Options: great options available for negotiation at this location.

5) Generous Rewards: As a Allstate Insurance agency owner, you'll enjoy a range of incentives, including signage bonuses, monthly and annual performance bonuses, and various avenues to earn additional revenue. Your hard work and dedication will be handsomely rewarded.

6) Unparalleled Support: With Allstate , you're in business for yourself, but you're never alone. Benefit from the best of both worlds with a local experienced team and remote corporate support. We are dedicated to helping you achieve your goals and flourish in your business.
https://www.allstate.com/lps/ea

7) Accelerated Training Program: No prior insurance experience? No problem! Our accelerated training program equips you with all the knowledge and skills you need to run a successful insurance agency. Detailed training program outlined on a daily/weekly/monthly basis to make sure you will achieve!

Allstate has opened the company underwriting and is now allowing the Agency Force to write Automobile Insurance with no limits on the production. There is also a new compensation plan that allows agents to receive 31% for new business production in Autos and that is predicated on the budget that each agent has and based on the size of his/her Agency. This is a new benefit with the Allstate Insurance Company.
Don't miss this incredible opportunity to invest in your future with Allstate Insurance. The time has never been better to join our renowned brand and enjoy the freedom of owning your own business.