London Domestic Appliance Warranty Insurance Book For Sale

Domestic Appliance Warranty Insurance Book for sale by Independent Broker

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.

Financial performance:

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.