S343 – Allstate Agency in NW San Antonio

Allstate Insurance Agency in Northwest San Antonio

Location

City San Antonio
State TX
County Bexar

Financial Information

Asking Price $449,000  Show Loan Calculator
Down Payment
Annual Receipts $2,200,000
Cash Flow $128,000 (annualized '10)

General Information

Description Established agency providing services to the Northwest San Antonio area. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,800 policies in place. The business generated approximately $230k in commissions last year with an 82% retention rate. There is $222k in transferable equity in the book of business, which can assist in lending. Currently there are 3 binding agents not including the owner. This is a perfect opportunity for someone to get into the insurance industry or if relocating this is an excellent book of business to build from. You should have or be willing to obtain P&C, Group-1 Life & Health licenses, and Series 6 & 63 licenses (within first two years). Office has been recently updated to the new Allstate branding retail environment. The owner is willing to train the new owner for a smooth transition and there are several employees in place for continuity. Owner willing to sign a meaningful non-compete. Business could be acquired with as little as 10% down with insurance experience, primarily 3 years of P&C experience. Existing lender willing to speak with the new potential owner about lending again on the book of business.
Reason For Sale Other business opportunity
Franchise No
Home Based No
Relocatable No
Year Established 1988
Year Acquired
Employees 2 FT 1 PT

Building Information

Building Sq. Footage 785 square feet
Monthly Rent $1402
Real Estate Available No

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