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Auto Insurance Company for Sale in Thessaloniki, Greece

Online auto insurance platform tied up with 25+ insurance companies, issuing 250 contracts every month.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 300 - 400 thousand
Run Rate Sales USD 250 thousand
EBITDA Margin 10 %
Industries Auto Insurance
Locations  Thessaloniki
Local Time 3:34 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 370 thousand (Native Currency: EUR 350,000)
Reason: Owner is also in other industries (hotels) and would like to focus on his other businesses. The pref... View More
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
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User Verification
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Business Overview

- Company operates an online platform that allows users to compare offers from multiple insurance companies and get the best insurance contract.

- We are a certified insurance agent office having connections with 27 insurance companies. We do not provide insurance, but we issue direct contracts to the customers from insurance companies.

- Over 3,000 new contracts are issued per year only in the auto and moto insurance industry.

- Revenue model: We do not charge any fees to users. We get a commission from the insurance companies. The average commission is around 14% on clean insurance fees or around 10% of the total price of each contract.

- The sales have decreased since the owner had to focus on his other businesses.

- Very big client base, as well as a newsletter list of over 40k, subscribed emails.

- Business is completely debt-free and the promoter is the main director. The business has one more director with a minor stake, for tax reasons.

Products & Services Overview

- Auto insurance & moto insurance.

- Can be expanded to house insurance, boat insurance, pet insurance, and health insurance.

Assets Overview

Sale includes intangible assets (valued at EUR 200,000) - High branded website, 40k subscribed emails, all client base, and contracts with insurance companies.

Facilities Overview

Rented main office of 60 sq mt in Thessaloniki for a monthly rent of €450.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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