Newly Established Property & Casualty Insurance Company Investment Opportunity in Gold Coast, Australia
Unique Australian group providing event insurance, liability protection, and support for driver and rider sports.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 790 thousand |
| EBITDA Margin | Nil |
| Industries | Property & Casualty Insurance |
| Locations | Gold Coast |
| Local Time | 6:37 PM Australia / Sydney |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
320 thousand
for
49.0%
stake
(Native Currency: AUD 490,000)
Reason: Seeking funds to ensure the ongoing monthly cost of the insurance policies which will be covered for...
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Business Overview
- The organization extends beyond traditional vehicle sports like billy carts, automobiles, bicycles, and motorcycles.
- It is part of a larger hybrid group comprising commercial membership and nonprofit event entities, including associations for campgrounds, operators, and accommodations.
- This group's structure is unprecedented in the sports industry, confirmed by our insurer.
- This funding is aimed at a commercial entity offering event insurance covering public liability, including protection against damages to audiences and property.
- The company acts as a facilitator of event insurance for NPOs, leveraging partnerships to provide essential public liability coverage.
- Partnerships with four insurers ensure comprehensive coverage.
- Revenue is generated from membership fees paid by drivers and riders, set at AUD 150 per year per adult, as well as from not-for-profit and commercial promoters, with fees varying based on usage and needs.
- Given the potential scale of not for profit and commercial promoters involved, many thousands of registrations could be anticipated, granting members access to participate in all hosted driving and riding events.
- All forms of driver and rider sports are inherently risky, particularly motorcycling. To ensure sustainability, both powered and unpowered activities are included to diversify income.
- Insurers also cover the group's sister company, which provides group insurance for campgrounds, tour operators, and accommodations.
- These lower-risk activities help support higher-risk driver and rider sports.
- The group also includes a cooperative where members can own shares in land, ensuring facilities for driver and rider sports globally.
- Multiple back up insurance policies are in place should one insurer pull out of the program.
- The organization's global initiative ensures driver and rider sports have ongoing support and sustainability worldwide.
- The insurance policy has already been secured and is in use right now.
- There are 2 permanent employees, with additional employees hired on contract basis.
- It is part of a larger hybrid group comprising commercial membership and nonprofit event entities, including associations for campgrounds, operators, and accommodations.
- This group's structure is unprecedented in the sports industry, confirmed by our insurer.
- This funding is aimed at a commercial entity offering event insurance covering public liability, including protection against damages to audiences and property.
- The company acts as a facilitator of event insurance for NPOs, leveraging partnerships to provide essential public liability coverage.
- Partnerships with four insurers ensure comprehensive coverage.
- Revenue is generated from membership fees paid by drivers and riders, set at AUD 150 per year per adult, as well as from not-for-profit and commercial promoters, with fees varying based on usage and needs.
- Given the potential scale of not for profit and commercial promoters involved, many thousands of registrations could be anticipated, granting members access to participate in all hosted driving and riding events.
- All forms of driver and rider sports are inherently risky, particularly motorcycling. To ensure sustainability, both powered and unpowered activities are included to diversify income.
- Insurers also cover the group's sister company, which provides group insurance for campgrounds, tour operators, and accommodations.
- These lower-risk activities help support higher-risk driver and rider sports.
- The group also includes a cooperative where members can own shares in land, ensuring facilities for driver and rider sports globally.
- Multiple back up insurance policies are in place should one insurer pull out of the program.
- The organization's global initiative ensures driver and rider sports have ongoing support and sustainability worldwide.
- The insurance policy has already been secured and is in use right now.
- There are 2 permanent employees, with additional employees hired on contract basis.
Products & Services Overview
- Event insurance for commercial promoters and not-for-profit clubs to organize all forms of driver and rider sport and recreation in Australia.- The comprehensive insurance coverage offered makes the company a convenient choice for organizers of events involving all forms of powered and unpowered vehicles, which are driven and ridden.
Assets Overview
The key intangibles owned by the company are all the intellectual property, operational manuals, and policy manuals.
Facilities Overview
No office facilities are required. All persons involved are engaged as contractors that operate from their own facilities.
Capitalization Overview
The company is run using personal funding from the business owner.The owner has 100% ownership currently but is willing to allocate significant/ majority shares to the right person/ corporation.
Recent Activity
-
Earlier than 15 daysPrincipal Consultant ( Business Broker), Singapore, Financial Consultant connected with the Business
-
Earlier than 15 daysCEO, Financial Advisory, Brisbane, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Property & Casualty Insurance Company Investment Opportunity in Gold Coast, Australia
·Invest in Newly Established Property & Casualty Insurance Company in Gold Coast, Australia
·Newly Established Property & Casualty Insurance Company Investment Opportunity
·Invest in Newly Established Property & Casualty Insurance Company
·Investment Opportunity in Gold Coast, Australia
·Invest in Gold Coast, Australia
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