Domestic Appliance Warranty Insurance Book for sale by Independent Broker
Location : London / South East
Asking Price : £500,000
Turnover : £442,000
Net Profit : £127,000
Gross Profit : £302,000
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Not Included
Confidentially offered for sale
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.
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.
For the financial year ending January 2018, turnover of the Business was circa £442k with gross profits of almost £302k and a Net Profit of £127,000.
The asking price of £500,000 is for 100% of the Issued Share Capital of the Business on a ‘cash free, debt free’ basis.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
All enquiries or requests for additional information should be submitted or directed to Turner Butler Head Office: 01895 256000.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at email@example.comTurner Butler Disclosure Statement
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