Considering to relocate to the Cape Winelands? Very rare opportunity for accredited individuals to acquire an established Insurance Brokerage. Located in a historical town in close proximity of the CT International Airport and top schools in Paarl and surrounds!
This business currently has 2 directors, employs an Admin person and has 3 brokers - including the 2 shareholders/directors. The owners are in the process of immigration and would like to remain on as brokers after the sale whilst they finalise this process.
This growing company's performance is exceptional measured against industry norms and standards. Income growth of 30% has been achieved from 2022 - 2023. This is partly attributable to a dedicated team, exceptional service and exclusive permits to government institutions for the selling of insurance products to government employees. The lapse ratio is an excellent 98% as this brokerage is in the very fortunate position to have stop orders in place for the bulk of their stable client base - mostly government employees. In excess of 3500 clients is on record creating opportunities to add additional income streams (to the current 4) to an appropriately accredited persons by the regulatory authority.
The business holds a contract for a call center which is in the process of establishment.
This brokerage is a recognised trainer for internships and learnerships for InSETA (Insurance Sector education and Training Authority) with significant benefits for the business. These learners/interns work and study within the FSP. InSETA carries the cost of study fees and basic salaries. The aforementioned call centre will be staffed with learners from InSETA. The business owns a company vehicle that can be included in the sale.
All business records are cloud and CRM based.