Allstate Agency in a Valued Orange Cty Location Gross Pr. 4.5 Million
Orange County, CA
| Asking Price: | $1,300,000 |
| Gross Revenue: | $4,500,000 |
| Established Year: | 2011 |
| Cash Flow: | $506,000 |
| FF&E: | $25,000 |
Listing ID: 2270995Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a high volume Allstate Agency in the Orange County Area. The Agent is retiring but will train a Buyer up 90 days and contract to stay a year. The Retention is 87% and the Loss Ratio is 51%. The Agency has a staff of two full-time and 2 part-time. The office manager is capable of running the office on a permanent basis. All the staff would like to stay with a new Buyer.
If you are interested in purchasing this agency contact Dale Huffman at 714-928-5138.
DETAILED INFORMATION
Location
Orange County, CA
Inventory
Not Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Beautiful offices in the Exclusive Area of Orange County. The Lease is 1,575 per month and payroll is approx. $14,000 per month. The Seller would consider carrying a Note for qualified buyer.
Competition
It is fantastic, Allstate took a rate increase in the Automobile Insurance line and the result is Agencies are seeing a possible 31% increase in that line of insurance sales. That also is credited with increasing the Auto Renewals.
Growth & Expansion
The growth can come from increasing the Agents market share with the purchase of Leads and from acquiring additional agencies that are for sale.
Financing
Owner would carry a resonable Note for a qualified Buyer.
Support & Training
This Seller is known for training and mentoring Agents for a number of years. The Seller will stay with the Agency until the Buyer feels they can handle the responsibilities. The Office Manager is capable of handling Sales and the administration of the Agency. If their is an interest in moving forward with the sales process please contact Dale Huffman at (714-928-5138
Reason for Selling
The Owner is retiring after a very successful career with Allstate Insurance Co.
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