Asking Price: $ 650,000 Seller is Retiring
Type of Business: Allstate Insurance Agency Franchise
Location: San Francisco
Hours of Operation: 8:30 am to 5:30 pm
Gross Sales: $ Annual Renewals $2,300,000
Adjusted Net Profit: $ 2018 Income $305,847
Total Rent: $ 1,700 per month
NNN: $ Incl.
Length of Lease: Landlord will go with a 5 year Lease
Sq. Ft. 650
Occupancy: 2 Full-Time Employees 7 Agent
Number of Employees:
Full time: 2 Part-time:
Payroll: $ 5,000
Insurance: $ 5000 Monthly
Gas: $ Incl.
Electric: $ 0.00 Monthly
Water: $ Incl.
Phone: $ 100.00 Monthly
Trash: $ Incl.
Internet and TV: included above
Cost of goods: N/A
This Agency is a Franchise with Allstate Insurance Company. There are no royalty or transfer fees. Buyer must have a Casualty License and a Life & Health License or obtaining one. Current owner has a trained staff and will consult and train new Buyer plus help them find additional Staff. The Commission structure is based on 25% New Business Auto & 17% Property Homeowners Renters etc. Life and Health Commissions vary depending on the product. Bonus money is paid on Company goals… The Company provides paid worldwide trips yearly for spouse and significant-other based on company contests. There is sufficient formal training with product knowledge and the Allstate process for running a successful enterprise. This Agency has a 45-year history that helps with long term Retention. The Retention is 89% and the Loss Ratio is 33%. What Allstate can’t write depending on Underwriting Requirements, they are able to place with prearranged Insurance companies so the Agency can maintain the total needs of their clients. The office is located in a beautiful area of San Francisco
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