Insurance Brokers for sale in London

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

 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Asking price: £500,000 Annual Turnover: £442,000 Annual Gross Profit: £302,000 Annual Net Profit: £127,000
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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:

• c6,000 + policies currently in place.
• Insured book value year ending Dec 17 estimated over £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.
Location Details: London / South East

Listed by: Turner Butler

Find out more about this business opportunity.

Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
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Seller Reference:
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