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Insurance broker for sale


Insurance Broker for sale 

  • The sales of this business for sale are more than 1.2m Euro
  • Insurance Broker For Sale
  • The location is Portugal Europe
  • The company employs 3 people
  • Reason for sale: Owners Would like to retire
  • One of the 80 licensed insurance brokers of the country
  • The asking price is around 600k
  • #CFIE T251

Overview Insurance Supplier

The company open for a sale has built a sterling reputation as well as a loyal customer base. The insurance broker for sale is recognized by the diversity of our offer (as we work with all the best known insurers in the market) and for the aggressively low prices. The company is one of the 80 licensed insurance brokers of the country (around mid table of the ranking). Established more than 10 years ago as an independent insurance agent, enjoys solid reputation and it’s well known both to the public and to insurers.
Since the beginning the company pursued the broker status which was officially recognized by the Portuguese insurance authority. The company keeps the title since then and comply with its requirements presenting proof to the regulator every year. On the Portuguese ranking of brokers the company for sale is on a high positions of the second half. Our book of business keeps around 4000 active clients, paying more than €1.250.000 in insurance premiums per year.
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Strategy Portuguese insurance broker

We find our business to be of great value to a foreign buyer who wishes to enter the Portuguese market and plans to expand. Accessing broker status is still very difficult, so, buying our company is a rare opportunity to access the market from a privileged position, either towards insurers or clients. Being on the second half of broker ranking (with only eighty positions) allows the purchase to the be made by a very reasonable price instead of a multi-million kind of deal necessary for larger brokers, while retaining the same kind of access to the market. Actually this just might be the dream deal to a foreign broker who has significant clients operating in Portugal and no way of assisting them there.

Services insurance broker for sale

The company provides all kind of insurance brokerage services. The staff composed by three workers and two partners, one of which will be available to assure smooth business continuity (if the buyer so desires). The insurance broker has no debts of any kind. No leases or other types of financing. Stable financial situation with publicly available annual reports and registering profit in last two years which is expected to rise. Rented office in full production, all equipment and materials included.
 

Highlights

  • Stable, profitable business in full production;
  • Distinctly licensed  as a broker and meeting the criteria;
  • Long experience in the domestic market but modernized and fiercely competitive.

Information about this Portuguese business for sale

Feel free to contact us for details about this insurance broker for sale in Portugal. If you are looking for a company in the insurance industry, it could be wise to contact us for other available business for sale. A phone call is also suitable (+31-6-24629234) if you want to be informed about other companies for sale.
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