Allstate Insurance Agency for SALE, BOB total($9.4m-Allstate+McGraw)

San Jose, CA (Santa Clara County)

Open Office Area
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Asking Price: $2,800,000

Cash Flow: N/A

Gross Revenue: $780,000

EBITDA: N/A

FF&E: $80,000

Inventory: $0

Rent: $4,500 per Month

Established: 1987

Allstate Insurance Agency for SALE, BOB total($9.4m-Allstate+McGraw)

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Business Description

Asking price $2.8m

LOCATION
Company: Allstate
City/State: North San Jose, CA
County: Santa Clara
Zip Code: 95131
Location Available: Yes
Rent/Lease Terms: N/A
Rent/Lease Rate: NDA Required
F&E Available: Yes
Years in business: 30 + years
Location Photos: Yes, available upon request
Current Agency Staffing: N/A
FINANCIAL
Asking Price: $2.8m
Annual New/Renewal Revenues: $9.4m
Earned Premium: $9.4m (Allstate + McGraw etc)
Bank Financing Available: Yes
Seller Financing Available: Negotiable
Detailed Financial Reports: Yes, NDA required
GENERAL INFORMATION
This 33 year Allstate agency is located in North San Jose, California in Santa Clara county in the northern part of the Silicon Valley which has a population of around 2,00,0000 and is rich in ethnic diversity and high median household income. This $9.4 million dollar Earned Premium Agency consists of a preferred auto and homeowner customer base with excellent opportunity for growth in cross sales and financial services

Detailed Information

Location:
San Jose, CA
Real Estate:
Leased
Building SF:
2,454
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Newer furniture(workstations and computers/printers), telecommunication(6 months new), All furniture is included in the business sale. Office is located in a commercial condo with frontage and sign. First floor has a Lobby, Conference Room, Open Area four Workstations, two private offices, Breakroom/kitchen(Full size refrigerator, sink and microwave), office supply/utility room & large restroom. 2nd floor has one executive room, open area workstations and large restroom. Restrooms and floors were remodeled 2 years ago.
Competition:
Allstate can finally BUNDLE(Auto, Home, Umbrella & life); we are competitive in many zip codes! We offer quote and customer service at your convenience by email/phone/in person(in July)/fax. You are in GOOD HANDS with Allstate Insurance.
Growth & Expansion:
The Silicon Valley is one of the most affluent areas in the country. Clients need more than auto Insurance. As you acquire assets, our professionals will review your risk to minimize exposure,
Support & Training:
Principal Agent will stay part time for 6 months(negotiable), Office manager will stay for 1 year part time(negotiable)
Reason for Selling:
Retiring
Business Website:
http://https://agents.allstate.com/alice-m-chan-san-jose-main-office-san-jose-ca/life-
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Business Listed By:
Wil Mabanta

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