![Should I Invest in an Allstate Insurance Agency? [2023]](https://cdn-0.unusualinvestments.com/wp-content/uploads/2022/05/Allstate-storefront.jpg-1-768x512.webp)
We’ve previously covered the small business opportunity to purchase or start an Allstate insurance agency. Unlike other national brands such as McDonald’s, UPS Store, Ace Hardware, 7-Eleven, etc., you don’t actually have to pay a franchise fee. You just need to be approved, show adequate amounts of liquid reserves (typically $100,000), and complete a…
Allstate likes to call agency ownership “the best small business opportunity in America.” You buy an agency owner’s 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. Since people have to have auto and homeowners insurance even in an…
Insurance books of business can be extremely profitable assets. In the property and casualty insurance industry, the agent of record for a policy receives a commission when a customer purchase the policy and each time they renew. For instance, if someone renews their homeowners policy for one year, the agent who originally sold the…