Business Details

Captive Insurance Agency Allstate

Location : Southern California

Type of Business : Captive Insurance Agency Allstate

Asking Price: $1,150,000
Inventory: $0

Gross Sales: $4,260,000

Summary of Business

This business is a "Captive Agency" Insurance that has been in existence for over 50 years. The seller has decided to go in a different direction in his career. The Office Manager is staying with the Company along with the SalesForce and Customer Service Representatives. The Annual Gross Premium (Renewals + New Business) is $4,260,000. Net Income + Add Backs = $383,000. The premium is made of 4 categories, P & C, Life, Health, & Commercial. This Insurance Company provides Annual Trips all over the world for Agents and their significant others, who meet production goals. The trips are completely paid for by the company. The Corporate Insurance Carriers also pays the agents an Annual Bonus based on production in Life Insurance, Retention, and Loss Ratios. The 1099's are available to review after an offer is made during the "Due Diligence" process.

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Other Details

History and Business Strengths: This business is a "Captive Agency" Insurance that has been in existence for over 50 years.

Reason for Sale: Seller is leaving the State


Gross Yearly Sales: $4,260,000
Adjusted Yearly Net Profit: $383,000


Total Rent: $199,800
Length of Lease: Negiotable
Options: 0
Sq. Ft: 1,000
Occupancy: Office Staff


Number of Employees: 3
Full time: 2
Part time: 1
Hours of Operation: 9:00am to 5:00pm - Saturdays by Appointment Payroll: $9,000


Insurance: $375 per year
Gas: $40
Electric: $200
Phone: $280

Additional Details

Year Established: 2014

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