The landscape in Regional Commercial Broking has changed out of all recognition given the sale activity in this sector of late.
Larger Commercial brokers have been selling faster than properties in the past couple of years, reaching eye watering multiples. There is now a dirge of larger Independent brokers available, leading consolidators to eye up some smaller Brokers.
A well-balanced portfolio with a substantial commercial book is a key driver of price as well as high retention, expense control, good loss experience and continuance of management.
The opportunity to sell is not likely to last forever, and signs of softening a piece, particularly with Brokers below £5m GWP has recently been experienced. Who knows just how long these unprecedented prices can continue?
If you are thinking about a possible sale of your Brokerage you need to accept that achieving the best price whilst fulfilling softer issues, like staff and location, is all about presenting your business in the best possible light. Something that Brokerring specialises in.
Sign us up to exclusively sell your business and we will immediately set to work on making sure that your Brokerage has and presents the best value for potential buyers, ensuring you of the best price and situation for your sale needs.
We don’t see the current market lasting forever, don’t become one of those who wished that they’d taken advantage when it was available…call Brokerring now to arrange an early meeting, you certainly won’t regret it.
