S291 – Allstate Insurance Agency in San Anton

Insurance Agency in San Antonio - Captive

Location
City San Antonio
State Texas
County Bexar

Financial Information
Asking Price $525,000 Show Loan Calculator
Down Payment 20%
Annual Receipts $218,000
Cash Flow $118,000

General Information
Description Established agency providing services to the North Central San Antonio area. Passive owner spending less than ten hours a week in the business. Policies offered by this agency are Home, Auto, Life and Health, and Commercial Insurance with over 2,200 policies in place, the business generated over $215K in commissions last year with an 84% retention rate. Added value is the most current customer survey (ALI) is 92% satisfaction. $309,000 in equity. 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. Some Seller financing Available. Business could be acquired with as little as 10% down with insurance experience, primarily P&C experience. The owner is retiring 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 Bob Howells at 210-348-8989 or info@bbofsa.com.
Reason For Sale Retirement
Franchise No
Home Based No
Relocatable No
Year Established 2001
Year Acquired 2001
Employees 3 FT, 1 PT

Building Information
Building Sq. Footage 1,041
Monthly Rent $1,197
Real Estate Available No

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