Insurance Brokers for sale in London

View the "Domestic Appliance Warranty Insurance Book for sale by independent insurance broker." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Asking price: £1,000,000 Annual Turnover: £1,130,000 Annual Gross Profit: £668,000
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Business Description
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:

• c12,000 + policies currently in place.
• Insured book value in excess of £1m
• Customer retention rate 80%.
• Direct Debit/Credit Card authority in place.
• Claims ratios low for the sector – less than 10% of the gross premiums.
• Strong relationships with Underwriters.
• 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 insurance sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector.
Location Details: London / South East

Listed by: Turner Butler
Find out more about this business for sale opportunity by submitting the form below.
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