Listing status: Inactive
Reason: --
Rare Opportunity: Personal Insurance Book
Rare Opportunity: Personal Insurance Book
Industry :
ProfessionalSub Industry :
BrokerageAbout the business
Are you seeking a valuable business asset to enhance your portfolio? Consider acquiring this established personal insurance book, situated near the vibrant city of Newcastle, New South Wales.
Here's why this offering stands out:
* This is an extremely rare opportunity; these books do not come to the market often.
* Proven Track Record: With a tenure of 2.5 years, this insurance book has consistently generated revenue, demonstrating its reliability and profitability.
* Low Clawback Percentage: Noteworthy for its remarkably low percentage of clawbacks, this insurance book reflects its commitment to quality service and client satisfaction.
* Low maintenance: limited involvement from the current owner. There is potential to ramp up the client numbers to continue to grow the trailing commission.
* Prime Location Flexibility: While currently situated near Newcastle, this insurance book can be easily relocated to any desired location, offering flexibility and convenience to the new owner.
* Transitioning from the current Australian Financial Services Licence (AFSL) to the buyer's AFSL will be smooth and uncomplicated, ensuring a seamless handover of operations.
Whether you're an experienced industry professional seeking to expand your portfolio or an entrepreneur looking for a lucrative investment opportunity, this insurance book offers stability, growth potential, and profitability. The buyer will need to be included on the register of financial planners.
Don't miss out on this very rare chance to acquire a valuable business asset. Inquire now to learn more about acquiring this established insurance book with an easy AFSL transition.
Please note that certain business details are confidential, subject to a Confidentiality Agreement, and at the discretion of the broker. Stock photos may be used to represent the business on an undisclosed basis.
To learn more, contact Paul Smith at 0420 550 433.
Talk to Brokers that know business
Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.
Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$169,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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