Newly Established Insurance Agency Equity Stake For Sale in Kingston, Jamaica
Kingston-based pre-revenue mobile phone insurance startup seeks investment to launch customer-focused protection plans nationwide.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Insurance Agencies |
| Locations | Kingston |
| Local Time | 12:58 PM America / Jamaica |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
95 thousand
for
30.0%
stake
(Native Currency: JMD 15,000,000)
Reason: Seeking investment to launch operations, execute marketing initiatives, expand the distribution netw...
View More
Includes physical assets worth
USD
12.6 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Certificate of Registration
(86.6 KB)
Business Overview
- Kingston-based pre-revenue startup focused on providing insurance plans for mobile phone owners, offering protection against loss, theft, and accidental damage.
- The business plans to distribute its insurance plans through physical mobile phone vendors, making coverage easily accessible at the point of purchase.
- Customers will be offered flexible insurance plans with monthly billing options and coverage periods ranging from 3 months to 2 years.
- The business has presented its concept at few conferences and received positive market feedback, validating demand for the service.
- The business is currently pre-revenue and projects annual revenue of approximately JMD 24 million after commencing operations.
- The company is currently seeking investment to support the marketing, launch, and commercialization of its insurance services.
- Following the launch, the business plans to develop an internal administration app for the next phase to manage customer records, IMEI numbers, policy details, and operational processes efficiently.
- The business is registered as a partnership firm and holds a valid tax registration. Not required to be registered with any financial regulatory authorities.
- The business plans to distribute its insurance plans through physical mobile phone vendors, making coverage easily accessible at the point of purchase.
- Customers will be offered flexible insurance plans with monthly billing options and coverage periods ranging from 3 months to 2 years.
- The business has presented its concept at few conferences and received positive market feedback, validating demand for the service.
- The business is currently pre-revenue and projects annual revenue of approximately JMD 24 million after commencing operations.
- The company is currently seeking investment to support the marketing, launch, and commercialization of its insurance services.
- Following the launch, the business plans to develop an internal administration app for the next phase to manage customer records, IMEI numbers, policy details, and operational processes efficiently.
- The business is registered as a partnership firm and holds a valid tax registration. Not required to be registered with any financial regulatory authorities.
Products & Services Overview
- Mobile phone insurance plans that protect customers against loss, theft, and accidental damage.- Targeted at mobile phone owners across Jamaica and will be distributed through physical mobile phone vendors at the point of purchase.
- Customers can choose flexible insurance plans with monthly billing and coverage periods ranging from 3 months to 2 years, providing affordable and convenient protection for their devices.
Assets Overview
Physical assets included in the transaction are a car and minor office equipment.Intangible assets include the business concept, business name and vendor network.
Facilities Overview
The business does not have a dedicated office space yet, as it has not yet started operations.
Capitalization Overview
Self-funded with no outstanding loans.There are 2 partners in the business.
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