Business For Sale : Domestic Appliance Warranty Insurance Book for sale
Location : London / South East, London, UK
Asking Price: £1,000,000
Domestic Appliance Warranty Insurance Book for sale by independent insurance broker.
The business has the following key attributes:
c10,000 + policies currently in place.
Insured book value year ending Dec 17 estimated over 800k
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 sectorContact: Turner Butler
[Advert Ref: BFS:CK004]