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Domestic Appliance Warranty Insurance Book For Sale By Independent Broker for Sale

London

Relocatable : 500,000
Domestic Appliance Warranty Insurance Book for sale by Independent Broker
Ref. CK005
Location : London / South East
Asking Price : 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 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.

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56 Advert ID 48903    Sellers Ref : CK005/BSOL

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