Insurance Agency Equity Stake For Sale in Portmore, Jamaica
Insurance agency located in Portmore specializing in life and non-life policies, generating JMD 5 million/month.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 100 thousand |
| Run Rate Sales | USD 380 thousand |
| EBITDA Margin | 10 % |
| Industries | Insurance Agencies |
| Locations | Portmore |
| Local Time | 12:09 PM America / Jamaica |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
50 thousand
for
20.0%
stake
(Native Currency: JMD 8,000,000)
Reason: Seeking investment to be able to hire more agents to increase the sales.
Includes physical assets worth
USD
94 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Certificate of Incorporation
(911.7 KB)
Business Overview
- Insurance agency located in Portmore, specializing in the sale of life and non-life insurance policies.
- The company has a growing database of over 1,000 clients and generates approximately JMD 5 million in revenue per month.
- The company has partnered with four insurance providers, earning a commission on each policy sold.
- An average of 20 to 30 policies are sold per month and an average commission of 20% is earned per policy sold.
- Registered under the Financial Services Commission (FSC), the company has significant potential for revenue growth with the right funding.
- The recent growth in revenue is due to the hiring of more agents who have been successful in selling a higher volume of policies.
- The company has a growing database of over 1,000 clients and generates approximately JMD 5 million in revenue per month.
- The company has partnered with four insurance providers, earning a commission on each policy sold.
- An average of 20 to 30 policies are sold per month and an average commission of 20% is earned per policy sold.
- Registered under the Financial Services Commission (FSC), the company has significant potential for revenue growth with the right funding.
- The recent growth in revenue is due to the hiring of more agents who have been successful in selling a higher volume of policies.
Products & Services Overview
Offers a range of insurance products in classes such as ordinary long-term insurance, sickness and health insurance, motor vehicle insurance, accident insurance, and property insurance.Top selling are life insurance policies.
Clients include both individuals as well as companies.
Assets Overview
Physical assets include office furniture, fixtures, interiors, decor, computers, laptops, servers, vehicles and other electrical equipment.
Facilities Overview
Currently operating from a rented office space in Braeton Pkwy, Portmore.
Capitalization Overview
Business is self-funded.No outstanding loans or liabilities.
There are currently 3 shareholders in the business.
Recent Activity
-
Earlier than 15 daysOwner, Building And Civil Construction Services, Chaguanas, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysGeography Educator, Government Administration, Portmore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysNurse Practitioner, Travel And Health Care Wellness Services, Washington, Individual Investor / Buyer connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
6 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,000+ other businesses of all sizes.
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.
You might also be interested in these businesses