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Finance And Services:

Domestic Appliance Warranty Insurance Book For Sale By Independent Broker

LISTING DETAILS
Firms For Sale ID:
34906
Vendor reference:
CK005
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000  
Turnover / revenue:
£442,000
Net profit / cashflow:
£127,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Domestic Appliance Warranty Insurance Book for sale by Independent Broker
Ref. CK005
Location : London / South East
Asking Price : GBP 500,000
Turner Butler has been appointed to invite offers for the purchase of the Warranty Insurance Book of business or the share capital of a leading independent insurance broker.
Key strengths:
The business has the following key attributes:
c6,000 + policies currently in place.
Insured book value year ending Dec 17 estimated over GBP 450k
Customer retention rate 90%.
Direct Debit/Credit Card authority in place.
Claims ratios low for the sector less than 10% of the gross premiums.
Excellent reputation for high levels of customer service.
Very effective sales operation in house Call Centre.
Substantial potential for range and market expansion.
The business provides an acquirer with an ideal bolt on for a company already operating in the appliance warranty insurance sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector.