After purchasing a 2nd location 16 miles way in 2017, i feel that i am better suited to own one loca. Wellbalanced book of business offering immediate revenue with an opportunity to buy and grow this business. Profitable allstate business for sale book of business for sale with option to acquire office financing available. Ask the agent who is selling his book of business what his retention is. Selling an allstate insurance book of business justanswer. Can you buy an insurance book of business with no money down. And of course, if you choose to sell your business, you have a valuable asset that can be. Earn equity in the business you build as an allstate agency owner. We make applying convenient and help you throughout the lending process. Owning an allstate agency means youre in the relationship business. Allstate likes to call agency ownership the best small business opportunity in america. I have had 2 meetings with the allstate members and i basically have the position if i choose.
When youbuy a book of business from an allstate agency owner, you have. This rockland county allstate book of business currently. Having secure, personalized business insurance can offer invaluable protection and peace of mind. Since people have to have auto and homeowners insurance even in an. Its business is conducted principally through allstate insurance company, allstate life insurance company and other subsidiaries. Allstate agents opinion of the insurer takes dramatic drop. Agency force allstate allstate sustainability report. They can look at standardized allstate reports and understand how a particular book of business is performing compared to the other 10,000 agencies nationwide. Farmers insurance agent retiring, motivated to sell. Allstate is cutting costs, and its reaching for where the money is. If you have any questions or problems registering, please chat with us by clicking on the link at the. With offices and affiliates in all 50 states, allstate is proud of our nationwide presence, and our highly trained staff of representatives who.
Click here if you would like to sell your insurance agency or insurance book of business and need assistance. I am looking for some help and insight on the recent offer i have received on purchasing a existing book of business with allstate. How to finance an insurance book of business bizfluent. A business owners policy bop usually includes three common types of coverage to help protect you and your small business. When youbuy a book of business from an allstate agency owner, you have the opportunity to hit theground running by utilizing allstate s integrated service center to seamlessly service policies. Allstate insurance business for sale buy allstate insurance. Lenders will rely heavily on the valuation to determine the relative strength of the book of business, so the best possible valuation is necessary. However, they cannot get anywhere near the value of their business at the time of sale due to the lack of financing readily available. Allstate agency owners also have the backing and support of an 88yearold company with one of the most recognized brands in the u. Allstate business insurance protects your business in ways other insurance might not. Work with us as a direct lender and use your existing bank account.
Allstate corporate services corporation, llc, pc, pllc, lp. This is a great opportunity to own a large agency in a small family and loyal community. Owning an agency is one of americas best kept small business secrets. Nassau county allstate insurance agency existing book of. My wife may sell her small business and a friend of mine is telling her to buy a allstate agency from an agent retiring. I dont have experience in the industry, but im a pretty good salesman. Were dedicated to helping people live the good life every day. Allstate business insurance see how we make your business a priority. Availabity of financing there are many small business owners that have similar revenues, profitability and business models as allstate agents. Allstate car insurance in lincoln, ne jonathan foreman. Refinance existing business loans, business debt and seller financing. Post your agency details and contact information on for prospective. Allstate has pitched the commission changes, which also provide for higher newcustomer payouts for agents who clear a yettobespecified threshold for new business, as a way to incentivize.
Enhanced commission support for next 10 months from the start date. If youre thinking about this opportunity as a career option today, then here are the pros and cons. As a current agency owner, receive funding to purchase an additional agency. Exciting opportunity to own an existing profitable allstate insurance agency. The one allstate agency in a city of roughly 100k population is looking to sell his agency and relocate to a better climate. Five key points about the allstate exclusive agency agreement. Top 10 ways to finance an allstate book of business. Ppcloan financial services provide one of the nations leading sources of conventional financing for allstate agents, farmers insurance agents, and investment advisors. Strong eagent user and over 50,000 leads in the system to work. For those companies, an allstate book of business is one of the loans they are most comfortable making.
As a new agency owner, get help purchasing your business. This section is sponsored by capital resources llc, the premier agency lender. He said a book could be 100k or a larger one could be 200350k. Access is free to buyers as well, so theyll be able to quickly find agencies for sale in their area and contact you if. Allstate insurance agency existing book of business hudson. Highly profitable book of business for sale with high retention and low loss ratio. Blackowned allstate agencies are in good hands black. Allstate finance company, llc allstate agency owners advise customers on how to protect what matters most to them. If you miss that, then success is challenging to find. Allstate finance company is proud to support allstates new and existing agencies by offering financing to help them achieve their business goals and grow their businesses.
Allstate is dedicated to protecting people from lifes uncertainties. Allstate agency owners recognize the unique benefit allstate offers. Our acquisition program gives you an opportunity to buy an existing agency located in. Insurance agents businesses for sale buy insurance agents. Lots of support, great communication, fantastic comp. Post your agency details and contact information on for prospective buyers to see. Allstate has been in the catastrophe business for 89 years and helped rebuild communities after hurricanes, earthquakes and wildfires.
When a current allstate agency owner decides to sell their book to the. My account helps you manage your allstate policies, pay your bills, file or check on a claim, and keep your account up to date. He said a book could be 100k or a larger one could. We sold the assets mainly bobongoing customer commissions to a new agent. Agents are allstates primary sales force and the linchpin of its business model. But many allstate agency owners do have other businesses or jobs and look at buying a book of business as an investment and not necessarily their only source.
Allstate agents strive to deliver the highest and sincerest level of serviceits how we do business. The allstate corporation was incorporated under the laws of the state of delaware on november 5, 1992 to serve as the holding company for allstate insurance company. We aim to make the claims process smooth and simple, so you can quickly get back to business as usual. We support allstates exclusive agents across the u. Subject to all terms and conditions as outlined in the allstate r3001 exclusive agency agreement and exclusive agency program materials. This site is for allstate financial professional use only. They own equity in their book of business and can sell their economic interest to an approved buyer. Tenured book with the same phone number for over 30 years. Access is free to buyers as well, so theyll be able to quickly find agencies for sale in their area and contact you if they are interested. Great location for walk in business with an affordable lease.
Mcque capital allstate agency loans and allstate agency. Allstate close to selling annuity book to fgl holdings. Jan 30, 2019 owning an allstate agency means youre in the relationship business. We support allstate s exclusive agents across the u. View activity and values for a customers annuity contract.
Like industry leader, state farm, the allstate insurance company has built its business historically on a platform of captive insurance agents who devote their time exclusively to selling and servicing allstate products. Hi folks, im entertaining buying into an existing book of business and starting out as an allstate independent agent. The illinoisbased insurance giant has informed its nationwide army of agents that its. Also had to ride him about two days of pay that was missing from first two checks, the education bonus he promised was glad i had that in writing and dont think he ever did reimburse coworker. As a small business owner, you face a variety of unique challenges and circumstances.
Allstate if you dont have years of experience, a solid. Our allstate tpp loans, allstate acquisition loans and allstate working capital loans provide allstate agencies the opportunity to expand their business, invest in technology, acquire another book of business. You can also see policy and transaction details, including statements. Book of business is for sale with option to take over office. Were the nations leading provider of corporate filing and research services and products to the legal, corporate, real estate, financial, and accounting fields. If youre thinking about this opportunity as a career option today, then here are the pros and cons to consider. Jul 27, 2010 my wife and i recently sold our allstate book of business bob due to the tough economic times allstate is going through. I played football and you are given a playbook to use. Years ago, allstate was a good company to represent.
You buy an agency owners economic interest in their book of business, then collect commissions on those renewals now 9% while you sell more policies and grow the income stream. Inner circle, national conference winner in last 3 years. Top 10 ways to finance an allstate book of business unusual. Allstate has bonus opportunities of 3%4% of your book size, as well as many other great sales incentives. The company depends on agents to bring in new customers and keep existing policy holders from defecting. Allstate messes with success crains chicago business. Mcque capital provides allstate agencies loan products tailored specifically for captive allstate agents who own their book of business. Buying a book, allstate or independent insurance agency. This category shows listings of allstate agencies for sale. I have over 20 years of sales and marketing experience but no insurance related experience at all. Nice guy from pros above, but new to insurance, starting from scratch did not buy a book of business and not motivated to network in community. This in turn allows you to focus on growing your business, hiring sales staff and being a trusted source to your community. Allstate car insurance in hattiesburg, ms bryan white. In depth view into allstate price to book value including historical data from 1993, charts, stats and industry comps.