S272 - Allstate Agency in North San Antonio

Allstate Agency in North San Antonio

Location
City San Antonio
State TX
County Bexar

Financial Information
Asking Price $295,000 Show Loan Calculator
Down Payment
Annual Receipts $1,496,000
Cash Flow $80,903 (2007)

General Information
Description Established Allstate agency providing services to the North San Antonio area. Located in a fast growing area with many residential neighborhoods nearby. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 1,140 policies in place. The business has a retention rate of 86% and penetration of 1.94 policies per household leaving plenty of room for growth. 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, and Group-1 Life & Health licenses as well as SEC Series 6 & 63 licenses. Allstate provides 5 weeks of training to new owners. There are two key employees willing to stay on with the business. The owner is retiring after having some health issues and 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 Doug Scheiding at 210-348-8989 or info@bbofsa.com.
Reason For Sale Owner retiring after having some health issues
Franchise Yes
Home Based No
Relocatable No
Year Established 2001
Year Acquired
Employees 3 FT 0 PT

Building Information
Building Sq. Footage 1000 square feet
Monthly Rent $2,500 /mo.
Real Estate Available No

Contact Business Brokers of San Antonio for more information.