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| *Loan,banking and credit>>>state insurance |
How Much Capital Is Needed To Open A State Farm or Allstate Insurance Agency Inside A Mall? |
How Much Capital Is Needed To Open A State Farm or Allstate Insurance Agency Inside A Mall? Just enough to pay the rent and get the insurance for the business to satisfy the landlord, and the e&o insurance to satisfy the carrier. Source(s): agent, 21+ years No offense, but opening an insurance agency inside a mall sounds like water and oil, they just don't mix. Maybe a strip mall. Inside a mall you have to be open on mall hours. Also you're sometimes fined if you are closed on Sundays or holidays other than Christmas. Nothing besides whatever requirements the mall ownership has for new tenants. BUT Malls are expensive places to set up shop. You would likely not get the walk-in traffic to justify the extra rent. ALSO: Malls are long-term busts, in my opinion. They are always nice, but face a LOT of pressure from e-commerce. This would reduce the maximum potential for walk-ins to generate business. If you have your heart set on it, try, but keep an "escape" hatch open and scout around for a lower-cost place just in case. |
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