A high traffic main street, high Income business and residential homes
Richland, WA
| Asking Price: | $450,000 |
| Gross Revenue: | $250,000 |
| Rent: | $1,500/Month |
| FF&E: | $14,000 |
| Cash Flow: | $180,000 |
| Inventory: | $369,000 |
| EBITDA: | $250,000 |
| Established Year: | 2022 |
Listing ID: 2316230Listing provided by BizBuySell
BUSINESS DESCRIPTION
A fast growing community, three cities and suburban area.
$2.6 M Premium
This established, $2.6M, Allstate Insurance Agency is located in Eastern Washington, with approval for WA and OR!
It has a solid reputation and a loyal client base. The agency benefits from comprehensive support from Allstate, ensuring a seamless transition for the new owner.
This is a prime opportunity to acquire a well-established business with huge growth potential in the fast growing metropolitan Tri-Cities and Washington State Market.
1549 policies in Force, Retention ratio at 87%, $2,599,248 Premiums. policy bundling at 80%, TPP at $326,373.
DETAILED INFORMATION
Location
Richland, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
01/06/2025
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a turn key operation and there is no equipment or additional equipment to be purchase. I have an complete office and some of the newest equipment available to have this business continue to be a success.
The office is located in a prime area. Hundred of vehicles drive by morning and night.
Many stores, businesses, medical facilities, Schools, restaurants, and people are at our location.
Many walk-in buyers looking for insurance come in too get quote or just purchase protection for themselves and there families from our business.
Competition
Our business has a competitive market we are a reliable company that provides insurance needs to our customers. Along with our professional customer service, Allstate is highly exposed as the leader in the insurance business.
We are located on a major 4-lane main though-way in a busy shopping mall, close to a medical center, near a credited university and surrounded by many professional businesses.
The beautiful four seasons that Eastern Washington State provides families and a continuous growth to our local economy.
Growth & Expansion
Our location is one of the fastest growing metropolitan areas in the state. You will find small and large business are providing plentiful jobs offering a high standard living that benefits an insurance Agency.
Today economy and inflation has customers looking for a better price in Insurance, however, that does work in our favor as we are competitive. Many of our customers stay with us not caring about the price, because our professional service. Customers that leave return to us later because of our location and service. We have great retention rate.
Financing
Financing through Wintrust and other insurance loan institutions.
Support & Training
Allstate has a great support team and many trainers to help agencies excel in business. I will assist in the transfer with our current customers and offer support for the team. The employees will continue doing business as usual on a daily work schedule.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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