Sold. Insurance Business For Sale

Commercial Insurance Brokerages Book of Business for Sale
Ref.CG077
Location Nationwide Client Base
Asking Price GBP 225,000
A very rare opportunity to purchase the book of business from a very successful and reputable commercial insurance brokerage that is based in North East of England.

The book of business for sale comprises circa 1,200 customers with live policies. Even though the brokerage is based in the North East the customer base is truly national with the majority of clients being based in the South of England. Most clients have been acquired via the internet and successful online/email marketing campaigns over the years, hence the geographical spread, others via recommendations and referrals.

Annual commissions are approximately GBP 120,000 p.a.

GWP Gross written premium is GBP 850,000.

85% renewal rates (circa GBP 102,000 p.a.)

The book is made up of circa 95% Commercial and 5% Personal lines of insurance. The business book is split over property, shops, hotels, guest houses, blocks of flats, right to manage companies as well as some fleet business. The company who currently owns this portfolio achieves circa 85% renewals on this book of business year on year.

In essence the book would be an ideal acquisition to another general insurance brokerage, already operating within the commercial market place. At present the brokerage writes circa GBP 3,500 GWP of new business a week working out at about GBP 900 commission. With renewals this equates to approximately GBP 18,000 per week GWP. (GROSS WRITTEN PREMIUM).

Please note it is the book of business that is for sale and not the Limited company. As such there is no property, staff or other assets associated with the sale.