Opportunity Overview 

Based in Dandenong, Target operates four industry schemes and is looking to sell off its general insurance book 

• Premium Income: $3,300k, Net Income: $500k; Net Margin 15%, consistent track record of profitability  
• client sectors include, industrial, food, pulp & paper, water, food & beverage, health and personal care
• clients are located across the Melbourne metropolitan area including 
• domestic accounts for 80% of the book, domestic motor associated with commercial lowers the weighting from 90% 
• Vendor will retain his core business being selling of insurance via four industry schemes issued under a binder eg: Cabinet Makers, Signage, Metal and Building Industry insurance brokers 
  

Investment Thesis 

Commercial general insurance book is a quality, professional and well run business  

• the business will be well regarded for its high level of professionalism  
• quality business with long term clients purchasing a broad range of insurance products  
• consistent level of profitability delivered over a period of time 

Staffing 

• one account manager with ten years experience managing the book, lives in Greensborough;  
• one account executive with five years work experience supporting the book;  
• half time administrative assistant  

Carve off will allow Vendor to focus on four schemes and grow into NSW and QLD 

Key staff would transfer with the book