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Description

OFF-MARKET’Q1 2021

LA Valley Allstate: Healthy Growth Positioned Book

San Fernando Valley, CA (Los Angeles County)

Seller Financing: Available if the price and deal structure is right

Asking Price:

$800,000.00

Cash Flow:

$200,000.00

Gross Revenue:

$280,000.00

Established:

2006

Employees:

N/A

Business Description:

This successful agency was built on the determination and hard work of the Seller who has spent a decade plus building relationships and helping protect what his clients value most.

Today, this consistent agency has 2,160 policies in force.

Historically, Allstate agency’s value has always been higher than independent agencies. The strong brand name and customer service commitment provides considerably higher retention rates for its agents. Referrals and cross-selling to the existing books of business are key revenue drivers.

Facilities:

The office rent is $1,900 per month. The lease expires in July 2022.

Competition:

Allstate corporate does a lot of advertising, leads primary marketing efforts, and provides marketing material to agencies. In so, it has developed a strong
brand name that is associated with strong customer service and peace of mind. It also provides proprietary products not available on other Property and Casualty (P&C) policies that offer agents more sales opportunity. For instance, the new Milewise Auto Policy is available in California and only12 other states but not by any other major carrier.

Growth & Expansion:

Referrals from mortgage brokers and realtors and development of financial services and target Uber and Lyft drivers and people renting portions of their homes through Air B&B/VRBO as Allstate has specialized products through its expanded market partners for those customers that other carriers aren’t offering.

Financing:

Available if the price and deal structure is right for a highly qualified buyer with a large down payment.

Support & Training:

Four weeks at 20 hours per week.

Reason for Selling:

Seller is looking to take his people skills to the real estate industry.

Contact info

Pronova Partners

Inquire about this property

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