CALCULATING AGENCY VALUE by Roy Phillips When buying or selling an agency, be sure the price is right: base the value on projected pre-tax profit and an expert's opinion. Exciting opportunity to own an existing profitable Allstate Insurance Agency. FROM THE ARCHIVES Contact us today for Existing Allstate agency is available in the East Twin Cities metro. Current owner has owned the agency since 2012 and is retiring after over 20 years in insurance industry Allstate is looking for qualified candidates who have at least 3 years experience or a solid business background. Refinancing my Allstate Agency loan with McQue Capital was the best thing I could have one for my business. Consider purchasing an existing Allstate Agency. $1.8M earned premium. Allstate Insurance Agency For Sale Scottsdale, AZ Allstate agency for sale in beautiful Scottsdale. I have over 20 years of sales and marketing experience but no insurance related experience at all. Exciting opportunity to own an existing profitable Allstate Insurance Agency.This Long Island Allstate book of Business currently generates $2.9M+ in premiums with … [4][5] Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993. Learn how. 1 was here. Even if you hire one or more people to run your agency, buying an Allstate book of business is not a passive investment in the sense of buying a stock and collecting dividends. These loans are great for owners who are already fully vested in their agency, and are wishing to consolidate debt that may have been acquired over the years. Sunbelt Business Brokers is here to ensure a successful transaction. Whether it's your first foray into the insurance field or you're considering expansion, purchasing an agency is a huge investment of time, energy, and funds. Existing Agency Owners qualifying to purchase a satellite agency, the pool of "Approved Buyers" has increased in 2014, a trend that has resulted in a positive move for Allstate Agency Values. This is a well established agency with a full staff. Effectively, drivers insuring with Allstate can get a 7 percent rate cut by calling an 800 number or buying online—and then get service from an agent if they so choose. If you're looking to hire a professional to assist with buying or selling an insurance agency, check out our website. The sale would include his book of business (1.9mm/year). You could go to work for the agent you are interested in buying from and that could possibly circumvent having to sell to State Farm. When you're searching for Join one of the most recognized brands in America and become an Allstate Agency Owner. If you’re considering buying an insurance agency business, now may be the time. Existing agency owners paid an average You’ll also need to decide if you will be starting your new insurance agency from scratch or buying an existing book of insurance business. $1M in Ivantage. www.ganisco.com We've completed 16 insurance agency acquisitions in … In addition to leading 57 agency locations I also help people start careers at Allstate either by buying an existing location or starting a brand new location. This Long Island Allstate book of Business currently generates $1.6M+ in premiums with … About No matter where you are in your career, Allstate has a way for you to own your own agency, whether it’s building your own or buying an existing business. Farmers Insurance Agency owner Nick Weiser offers helpful insight into the process for all future small-business owners deciding whether to acquire an existing business or … Allstate Insurance Agency: No company out there offers a faster-to-market opportunity for success like Allstate. This will give you results for all agencies for The personal lines insurance business allows you to build a residual income and build flexibility into your life. To find a business for sale in your area, visit Allstate’s sales page (see Resources), and use the drop down menu to select your state. The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. In addition, insurance is recession resistant. Joe’s Insurance Agency), you have the brand name of Allstate behind you. However, it includes the following provision: “Agency acknowledges that it has Existing Agents Buying Big Forty-three percent of agencies with over $5 million in Earned Premium that transitioned in the Second Quarter of 2016 were sold to an existing agency owner. And unlike starting an independent agency that no one has ever heard of (e.g. With these insurance agency working capital loans, Allstate agents are able to expand existing operations, refinance existing agency debt, payoff taxes, pay settlements, and much more. [3] The company also has personal lines insurance operations in Canada. 75 reviews from Allstate Insurance employees about working as an Agency Owner at Allstate Insurance. Personally, I think it much easier and much more flexible to purchase an independent personal lines agency. In fact, you may choose the level of In fact, you may choose the level of business activity based on the size of the agency you purchase. Hi Folks, I'm entertaining buying into an existing book of business and starting out as an allstate independent agent . When you join the Allstate family as an Allstate Agency Owner, you’l... l not only build equity in the business, but also receive 24/7 support from claims professionals and benefit from national advertising support. Our goal is to care for your family's insurance needs as if they were our own. Earn equity in the business you build as an Allstate Agency Owner. Visit allstateagent.com to learn about building your new agency or buying an existing one. This category shows listings of Allstate agencies for sale. The Agreement itself has not been modified since it was introduced in 1999. Click here to find out six must-ask questions before you buy! Allstate lets you have the option of purchasing an existing Allstate agency, giving you the advantage of buying a business that 21. This increase of Approved Buyers has allowed many sellers to receive a higher sales multiple as both Incredible opportunity for hard working agent that stays supportive with company vision and directives. Learn about Allstate Insurance culture, salaries, benefits, work-life balance, management, job security, and more. The insurance industry is continuing to grow! Buying a book from another agent or agency can help you hit the ground running, but it also means your agency is responsible for servicing those clients – whether or not you’ve earned any commissions from them. I recommend you guys to every agent I work with and not Allstate Agency Owner (Former Employee) - Greenwood, SC - March 26, 2020 Excellent products, training, and compensation structure. The Allstate R3001 Exclusive Agency Agreement is eleven pages long. Are you thinking of buying an insurance agency? This Fairfield County, CT agency has $5.5M in Allstate Earned Premium. The one Allstate agency in a city of roughly 100k population is looking to sell his agency and relocate to a better climate. 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