Buy or sell The Allstate Corporation stock pre IPO via an EquityZen fund

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The Allstate Corporation Stock

Insurance agency

About The Allstate Corporation Stock

You are investing into the acquisition of an established Allstate insurance agency located in midtown Atlanta, GA. The purchase price is $1,445,000. Last year's gross earnings were $829,960. The sale price is for a partial sale of the book of business. The expected gross earnings for 2015 are $733,450. The loan has already been approved by the bank, and Allstate corporate has given the green light to close and take over the agency June 1st, 2015. The loan is contingent on a $50,000 down payment from the buyer. The President has already made a good faith payment of $5,000 when he signed the purchase agreement. He is now seeking investors for the $45,000. This will leave him with the capital reserves necessary to insure a smooth takeover. As part of the negotiation, the seller agreed to continue paying for the operating expenses of the business until the first Allstate commission payment comes in, about 6 weeks after the takeover. The seller has also agreed to transfer the security deposit on the office lease. There is no security deposit for the utilities. The bank is lending $1,125,000 for 10 years at 7.25% and the seller is holding a note for $300,000 for 10 years at 7.25%. Your initial investment capital will be returned in the first 12 months. You will receive profit sharing dividend payments quarterly based on the equity you own (3.1%). The cash flow projections expect a profit of $332,650 in the first year. Your approximate quarterly dividend payments should be about $2,578. Additionally, You will be able to cash out of your equity after 12 months.

Funding History

January 2014$0

Management

Senior Vice President and Chief Information Officer

Catherine S. Brune

Agency Owner

David Williams

Director - Divisional CIO - Allstate Business Insurance

John White

Chief Architect and Principal architect

Balraj Kunnath

President, Operating Officer

Danny Rodriguez

Executive Vice President & CFO

Mario Rizzo

Chairman, President, and CEO

Thomas J. Wilson

President

Matthew Winter

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from The Allstate Corporation or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

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