S354 – Allstate Agency Northern San Antonio

Allstate Agency Northern San Antonio - S354

Location

City San Antonio
State Texas
County Bexar

Financial Information

Asking Price $600,000 Show Loan Calculator
Down Payment
Annual Receipts $2,733,000
Cash Flow $338,000 Commissions

General Information

Description This Northern San Antonio agency is located in the heart of a middle class, highly residential concentrated community on a heavily trafficked road. This book of business is consistently is in the top tier agencies in the market. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 2,250 policies in place. The business will generated over $330K in commissions last year with an 89% retention rate and a $120K in cash flow. This business maintains the current Allstate Branded Retail Environment along with new computer and phone systems, as well as new furniture. 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, and Series 6 & 63 licenses. The opportunity for growth is to sell the Series 6 & 63 products to the existing base of stable business. Current owner has their series licenses. Business is overstaffed to accommodate aggressive growth. Business could be acquired with as little as 10% - 20% down with insurance experience, primarily P&C. Buyer also must be approved and attend Allstate training prior to purchase Owner is selling to focus on other business interest. The owner is willing to train the new owner for a smooth transition. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Bob Howells at 210-348-8989 or info@bbofsa.com.
Reason For Sale Seller to focus on other business interest
Franchise No
Home Based No
Relocatable No
Year Established 2000
Year Acquired 2011
Employees 5 FT & 1 PT

Building Information

Building Sq. Footage 1,579
Monthly Rent $1,895
Real Estate Available No

Contact Business Brokers of San Antonio for more information.