Established Short Term Insurance Book
About this business for saleEstablished Short Term Insurance Book
A company based in a scenic coastal town of the Eastern Cape is looking to sell their short term Insurance book.
The company has been in the short term insurance game for over 20 years and built a solid, substantial book. It is fully compliant with the Financial Services Board with all necessary licenses in place.
Representing many of the large well known insurance companies, the book earns commission of approximately R175,000 (Excl. Vat) per month and based on industry calculation standards, the Sellers are asking R4,200,000 (Excl. Vat) for the book.
The sellers would be willing to remain on for a period of time to ensure the smooth handover of the book.
Opportunities like these do not come along that often thus, you will need to move quickly not to miss out.
For further information on the above, please contact the listing broker – Greg King (084 556 6166)
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.