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Leading Insurance Agency

Russia
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    Leading Insurance Agency

    Asking Price:

    $1,600,000

    Gross Revenue

    $380,000

    EBITDA

    $180,000

    Established

    2009

    Property ID:

    L#20210188

    Country

    Russia

    Description

    An insurance agency that has been operating since 2009 is for sale. The company’s portfolio is focused by the share of corporate sales.

    The client portfolio has a very high stability, the percentage of renewal is 95%. At the same time, the portfolio itself has been growing annually since its opening by 30% per year.

    The Agency has signed direct agency contracts with more than 20 insurance partners. All sales of the company are carried out only by its sales department without the involvement of agency, partner and other channels that affect the volume of income and the level of remuneration.

    The business owner is not involved in working with clients, but performs only control functions and deals with strategic development issues.

    The business shows excellent growth dynamics. This is a living, developing company, in which there is no direct dependence on the owner.

    Detail

    Updated on October 26, 2021 at 1:06 pm

    Property ID:L#20210188
    Property Type:Insurance Company
    Property Status:For Sale
    Asking Price: $1,600,000
    Gross Revenue:$380,000
    EBITDA:$180,000
    Established:2009
    Business Description:The company has 6 sales managers + a department head. All employees have been working for more than 5 years.
    Reason for Selling:Disinvest
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