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New Orleans, LA -Allstate Agency now available!

New Orleans, LA
New Orleans Allstate Agency for Sale!
Asking Price:$750,000
Gross Revenue:$390,450
Real Estate:$500,000
Cash Flow:$390,450
EBITDA:$189,843
Established Year:2018
Listing ID: 2199316Listing provided by BizBuySell
BUSINESS DESCRIPTION

Elite Allstate Agency Status

City, State & Zip: New Orleans, LA 70127
Earned Premium: $3,291,233 (Including Brokered)
Retention: 89.45%
Profitability: 40.7% 12MM
Gross Revenue: Excluding Bonus...$390,450
Normalized EBITDA: $189,843
Rent: $1,200 Monthly
Lease Renews: Owner Occupied
Current Staff: Two (2) Licensed Sales Producers
All Furniture and Equipment, Phone system and computers convey with the sale.
Asking Price: $750,000
Seller Financing – No

This Elite performing Allstate Agency is located in east New Orleans in a diverse business community consisting of schools and churches, doctor's offices, real estate firms, community services, a title company, tax services etc. The Book of Business is comprised of a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales . The Agency has High customer satisfaction numbers witnessed by excellent retention results. Great potential to increase revenues as well as performance bonus based on new business growth and retention. Current owner and staff are open to assist Buyer with transition. This is an excellent entry level Agency for anyone considering owning an Insurance Agency for a modest capital investment.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Owned
Building SF
5,600
Employees
2
Facilities
The building is owned by the current Agency Owner and the Allstate Office is 1,000 square feet along with all furniture and equipment (excluding personal items) which will convey with the sale. Phones, computers, desks, etc.
Competition
This Agency has earned Allstate's highest Agency Achievement Award status of "Elite". The market is in a mixed business community providing unique opportunities for a new owner who can take advantage of the diversity within the marketplace. A significant demographic in this area is Vietnamese, so the new owner and/or the support staff will need to be able to speak that language.
Growth & Expansion
This Allstate "Elite" Agency has a tremendous cross sell opportunity to existing customers for collateral lines to create more multi-policy households and referral business, and with the excellent retention the overall growth potential is greatly enhanced.
Financing
No Seller Note at this time.
Support & Training
Allstate University education and training along with local New Agent Field Support. Online tools and resources along with a transition period with the current owner.
Reason for Selling
Personal
Franchise
This business is an established franchise
BUSINESS LOCATION
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Kirk Price
Phone Number
Kirk Price
Call Phone