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Insurance premiums for professional footballers

Wilmslow, Cheshire
Freehold Price:
£150,000
Status
FOR SALE
Advert ID
182812

Our financial concierge is a very exciting and unique business that has built a strong client bank and has access to around 400 current players, managers and coaches. These are all in form of direct mobile numbers, emails and home addresses.

The business model is built on trust, understanding and making sure our clients are looked after from start to finish.
My company has agreements in place so that we always own our clients even if we outsource services to them.

The business is ready for an individual or team to take the reigns and propel the company to the next level. The services we provide or offer are as follows.

Home and car insurance- Introducer arrangements in place already and an existing book of business will be taken over. Current policies range from £200 a year to £50k plus. If you have a facility to place the insurance you will inherit a healthy book of insurance premium . You can withdraw the current book of business and shift it to where you want if desired. This area of the business is very popular with our players. We receive a lot of inbound calls and plenty of referrals. Current premium on cover in excess of £250,000

Life Insurance- This is currently being outsourced, where i have an agreement that gives 50% of the total commission back to my company. We don't hold compliance on this and have chosen the easy option. This area is expanding fast and will see a large increase of business over the coming 6-12 months. For someone who is connected to a network or is directly authorised there is a nice opportunity to build a large book of Life insurance policies here. I am happy to surrender any commissions that i have already been taken to prevent any concerns over future claw back. There is money in a suspense account that will also be gifted.

Car Finance (separate negations - There are finance lines already set up with 2/3 providers where we are given digital tools and calculators that can create finance quotes instantly 24 hours a day. This area wasn't our core focus from the set up, but it has now become a large feature to the business with the frequent change of vehicles our players require. We found this to be a great new addition to the company as it was the catalyst to all other areas to our business. Over the last 12 months it has seen us source and finance 3 Ferraris, over a dozen high end vehicles (£50k plus) and a sun seeker boat. Last year over £2m in finance was placed. We have a list of trusted companies we use to source, pick up, drop off and cash buy trade in's from our clients instantly. All these details will be provided.

Career ending insurance- We have had a bespoke career ending insurance policy created and underwritten at Lloyds of london. We have a panel of syndicates that ensure the policy. At the moment we have a good number of players on the policy. There is no other policy on the market that provides the type and level of cover. The product has been white labelled and we have exclusivity of the product in the uk. There is an opportunity to diversify this to other sports. We have had contact from Basketball's from America, Golfers and rugby players alike.

These are the main products and policies we offer to our clients. Others to note that we get enquiries on that you could expand into are:
Private medical
Career advice (Football Agency)
Tax Planning
Mortgages
Wealth Management

I am happy to do a soft hand over and introduce you to as many clients in person as possible. The bigger clients i can warm them into the switch and make it look more a merger than me walking away. I will be happy to work a ghost 3-6 month period where i will re-direct and feed clients back to the company. I am happy to sign a disclaimer that i won't touch any clients after the sale.

Reason for selling:
I am moving out of the sector as i have a property business that is taking more time than i anticipated. That with the split from my old business partner in the company I feel the time is right to part way with a really nice business that has been set up.

There is however an opportunity if someone is looking to come on as a partner and buy into the company? If this is the case i would want someone regulated who holds and FCA licence, maybe directly authorised or under a net work at bear minimum.

The business will come with an existing website and marketing materials, a small hub/office in South Manchester if required. All databases, and agreements will be provided. Banking details on request. And potential cash in the bank.

Listing Details
Freehold Price: £150,000
Tenure: Freehold
Location: Wilmslow, Cheshire
Sector: Financial Businesses, Insurance Brokers
Financials
Annual Turnover: £200,000
Annual Net Profit: £100,000
Key Features
  • Accounts Available
  • Close to Local Amenities
  • Offers Invited
  • Attractive Business
  • Price Reduced
  • Established Business
  • Central Position in Affluent Village
  • Company for Sale
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