Project Description

An experienced risk writer is looking to sell their Queensland based business.

The make-up of the business

ProfessionalsMums and dadsTradespeopleSmall business people

Needs covered

Client needs covered are insurance, superannuation and investment.

Number of clients

Risk clients 136Super clients 67
Investment clients 12Whole of life clients 3
Total number of clients is 218

The age range of clients is from 22 to 77. 200 of the clients are below age 65.

Risk product providers

TAL, MLC, AMP (Ex AXA), Asteron, Zurich, Clearview, AIA, Colonial, Comminsure and OnePath.

A selection of product manufacturers for risk reflects the specialist underwriting capabilities to place specific clients with the best cover for their professions/occupations.

The renewal income for risk for the 2017/18 year was $53,100.30.

Investment and superannuation providers

TAL, MLC, Perpetual, Colonial First State, AMP, Zurich, Asgard and Sunsuper.

Funds under management is $6M+. The income from FUM for the 2017/18 year was $29,100.50.

Total Income for the 2017/18 year was $82,200.80

Geographical spread of clients

Brisbane, Ipswich, Gold Coast, Glass House Mountains, Withcott, Toowoomba, Dalby and Macleay Island. There are 11 clients interstate and overseas.

This is a great opportunity for someone looking to acquire a client base on a WIWO basis. The vendor is willing to talk attractive terms for the purchase with the majority of the acquisition funds paid up-front.

Records are paper based files. There is a spreadsheet break down of risk renewal anniversaries. There is also a spreadsheet of quarterly reports for clients for opt in opt out compliance purposes.

For more information call Jim Prigg on 0408 520453 or jim@knowledgemaster.com.au.