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There is a local GA that I've worked with for about 6 months. She gives me clients to sell LBL policies to her clients. She gets some commish and the production numbers she needs, I get a nice check. Its retirement time for her and she's asked me if I'd be interested in buying her agency (shes actually hinted at this a numbner of times..)
I have never sold P&C. Im not sure if I'd really like the lifestyle this type of sales demands (lots of calls for claims, dealing with Allstate, tons more time in the office). But, it does get me thinking.
My understanding is that Allstate would most likely finance the purchase and, if so, I would probably be profitable from day one as the renewals in the existing book of biz would pay the loan, staff and expenses.
does this sound about right? Eventhough it doesnt sound like something I'm terribly enthusiastic about, I am interested and always open to a good opportunity. Its a small agency and the only Allstate in a semi-small town.
And since I like the agency owner... if anyone is looking for a small agency to buy in VA about an hour from DC, let me know! You might save me from making a terrible mistake!
I told her we could set up a time to discuss it. What types of questions should I be asking her? I mainly just sell life and LTC now.
I have never sold P&C. Im not sure if I'd really like the lifestyle this type of sales demands (lots of calls for claims, dealing with Allstate, tons more time in the office). But, it does get me thinking.
My understanding is that Allstate would most likely finance the purchase and, if so, I would probably be profitable from day one as the renewals in the existing book of biz would pay the loan, staff and expenses.
does this sound about right? Eventhough it doesnt sound like something I'm terribly enthusiastic about, I am interested and always open to a good opportunity. Its a small agency and the only Allstate in a semi-small town.
And since I like the agency owner... if anyone is looking for a small agency to buy in VA about an hour from DC, let me know! You might save me from making a terrible mistake!
I told her we could set up a time to discuss it. What types of questions should I be asking her? I mainly just sell life and LTC now.