Allstate Insurance Company - Northeast Region - Franchise Q & A
Franchise Qa With James West Of Allstate
How was your franchise/opportunity originally conceived and started?
The year 2000 was the start of our business opportunity. Prior to that year, our agents were employees of Allstate.
What was your original vision for your company?
To reinvent protection and retirement for the consumer.
What do you believe is the single most important factor when choosing a franchise?
The brand that you will be representing.
Why should someone choose your franchise over other similar franchises? You own the economic interest.
You can own multiple locations. You can legacy your agency as well.
What makes your industry attractive?
It is a demand product and everyone needs insurance
Why has your franchise model been successful?
Our agents are leveraging the brand of Allstate. A well recognized brand for over 75+years, not to mention the products that we offer to consumers.
Where do you see your franchise in 5 years and 10 years?
As long as people need insurance, we will have agents providing that service for them.
What is your favorite advice for new franchisees to help them succeed?
Use and take advantage of everything that we offer to our agents, so that they can become successful.
What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise?
There are many options available. e.g. SBA, 401k
Can you explain your financial assistance?
Allstate financial offers financing options to our new agents.
On average, how long does it take to start a new franchise from the franchisees point of view?
Our cycle is 6- 7 months. From the day you make the call, to the day you open your doors.