Insurance Agency for Sale in İstanbul, Turkey
Leading insurance agency with a focus on foreign health insurance and 90+ other insurance products.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1.03 million |
| Run Rate Sales | USD 770 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Insurance Agencies |
| Locations | İstanbul |
| Local Time | 7:01 AM Europe / Istanbul |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
230 thousand
(Native Currency: TRY 9,000,000)
Reason: Partners found a business opportunity outside the country.
Includes physical assets worth
USD
77 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
Tax Certificate
(58.1 KB)
Logo
(23.7 KB)
Downtown Headquarters
(46.7 KB)
ISO 22301
(479.1 KB)
ISO 10002
(471.9 KB)
ISO 14001
(475.3 KB)
ISO 26000
(476.4 KB)
ISO
(471.9 KB)
ISO 45001
(472.6 KB)
ISO 31000
(480.9 KB)
ISO 9001
(481.3 KB)
Business Overview
1. Location: The business is situated in Istanbul, Turkey, a strategic location with access to both domestic and international markets.
2. Market position: The company is a leading insurance agency in Turkey, particularly excelling in the provision of foreign health insurance for individuals applying for residence permits.
3. Product range: The agency offers a diverse range of insurance products and services, with a focus on foreign health insurance and auto insurance. Additionally, they provide over 90 other insurance services, catering to a wide range of customer needs.
4. Client base: The agency has a predominantly B2B-focused sales strategy, with 80% of its sales generated from business clients. This indicates a strong presence in the corporate insurance market.
5. Performance metrics: Last year, the agency achieved sales of 1.25 million USD, demonstrating a strong revenue performance. Additionally, the agency has over 200 business clients and has successfully secured more than 1,500 insurance policies in a single month, indicating a high level of customer acquisition and retention. The business did see a drop in sales due to falling market conditions.
6. Commission structure: The agency operates a commission-sharing model with its business clients.
7. Contract workers: Some employees are hired on a contractual basis.
2. Market position: The company is a leading insurance agency in Turkey, particularly excelling in the provision of foreign health insurance for individuals applying for residence permits.
3. Product range: The agency offers a diverse range of insurance products and services, with a focus on foreign health insurance and auto insurance. Additionally, they provide over 90 other insurance services, catering to a wide range of customer needs.
4. Client base: The agency has a predominantly B2B-focused sales strategy, with 80% of its sales generated from business clients. This indicates a strong presence in the corporate insurance market.
5. Performance metrics: Last year, the agency achieved sales of 1.25 million USD, demonstrating a strong revenue performance. Additionally, the agency has over 200 business clients and has successfully secured more than 1,500 insurance policies in a single month, indicating a high level of customer acquisition and retention. The business did see a drop in sales due to falling market conditions.
6. Commission structure: The agency operates a commission-sharing model with its business clients.
7. Contract workers: Some employees are hired on a contractual basis.
Products & Services Overview
- One of the top SEDDK-certified insurance agencies based out of Turkey.The top selling products include: Foreign health insurance bought by foreign citizens willing to apply for a residence permit, and auto insurance we also offer 90 more insurance products.
- 80% of our sales are B2B based.
Assets Overview
Tangible assets:- Office furniture and equipment.
Intangible assets:
- Digital platform for insurance application and a bot assistant.
Facilities Overview
Operations are run from 2 branches. One rented in Istanbul of about 40 sqm & one of them in the Downtown of about 220 sqm.
Capitalization Overview
The business is fully funded by company profits, no loans and debts.The business is owned by 2 shareholders with 50% shares each.
Recent Activity
-
Earlier than 15 daysFounding Director, Investment, Sofia, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysProcurement Manager, Medical Equipment Manufacturer, Dubai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Compliance, Corporate Investment, Bangkok, Corporate Investor / Buyer connected with the Business
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