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Saint Petersburg, Pinellas County, Florida
Asking Price
$1,500,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
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Name: Ralph Cummings
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Name
Ralph Cummings
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Posting ID:
285285
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Posting Title
Allstate Insurance Agency - Retiring Agent
Posting ID
#285285
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Recommended Businesses
Saint Petersburg, Florida
Allstate Insurance Agency - Retiring Agent
$ 1,500,000
Business Company: Allstate Insurance Agency City/State: Saint Petersburgh FL County: Pinellas Zip Code: 33710 Location Available: Yes Rent/Lease Terms: With NDA Rent/Lease Rate: With NDA F&E Available: Yes Years in business: 17 Location Photos: With NDA Current Agency Staffing: 2 Staff Financial Asking Price: $1,500,000 Annual New/Renewal Revenues: $621,000 Earned Premium: $6,500,000 Bank Financing Available: Yes we can refer lenders Seller Financing Available: Based on sales price Detailed Financial Reports: With NDA General Information Agent is going to retire, opportunity for new owner to take advantage and build renewal income. Allstate premium is $2,800,000 the rest is Brokered Property and Allstate flood. The Allstate premium is 80% Auto with an 87% Retention Ratio. Revenue above includes $90,000 in bonus payout. For more information on this listing, please contact: Energia Consulting Partners, LLC Corporate@EnergiaPartners.com
Pinellas County, Florida
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This is a great opportunity to purchase an Agency in beautiful Saint Petersburg FL. This top-producing elite agency has a well-trained and licensed staff who all work remotely. The agency is on pace to add $500,000 in premiums this year. The loss ratio is 48.78% and auto retention is 87.19%. This is truly a great turnkey opportunity. General Info - Company: Allstate - City/State: Saint Petersburg FL - County: Pinellas - Zip Code 33707 - Location Available: YES - Rent/Lease Terms: 2 Year lease - Rent/Lease Rate: $890 per month - F&E Available: Yes - Years in business: 10 Plus - Location Photos: With Signed NDA - Current Agency Staffing: With Signed NDA Financials - Asking Price: $ 1,650,000 - Annual New/Renewal Revenues: $ 768,115 (2022) - Earned Premium: $ 7,740,000 PLUS - Bank Financing Available: Yes we can refer Lenders - Seller Financing Available: No - Detailed Financial Reports: With NDA
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$ 720,000
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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 $350,000, in 2023 over $ 429,000 ). Independently appraised for $ 835000. 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) $350000+ • Agency Overhead Expenses (Annual) $60,000 • Policies in Force 2000+ • Retention Ratio 84% • 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.
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