Bangkok Insurance available for sale

: Insurance in Bangkok :

5,000,000 THB

Listing ID# BKK15830


Province Bangkok
Country Thailand
Business Type Insurance
Business Started 2015
Employees 0 Person


Annual revenue: N/A
Payroll: N/A
Furniture, Fixtures & Equipment
included in the Investment Price:
Your Total Investment to own this business: 5,000,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: N/A


This fully licensed General Insurance Broker Company was established in 2008 and has developed an extensive client list of local subsidiaries of global companies as well as foreign owned companies and Foreign nationals and offers a full portfolio of Corporate/Business Insurances, Health, Motor, Industrial All Risk, Financial Risk, Public and Products Liability, Marine, Construction and Erection Insurance, House/Household, and car insurance among others. The business is a member of two global broker networks, one of which it represents exclusively in Thailand. The business currently has over 20 contracts in place with local and international insurance companies and good relationships with large insurance suppliers.

The process of gaining a corporate broker license can take up to a year and a half and 2 million baht in capitalization among other requirements. This business currently has 6 million baht in fully paid up capital which allows for 3 work permits. There is three highly qualified staff working in the Sathorn based office. The corporate and all individual licenses are in place

The business earns above 2 million Baht a year in commissions with premiums reaching 12 million baht a year. The owner is selling majority shares in the business but will maintain a relationship with the new entity which will guarantee the continuation of the long relationships and high retention rate as an excellent basis for growth.

ASKING PRICE: 5 Million for 75% Share

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