Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Insurance Book For Sale By Independent Insurance Broker

LISTING DETAILS
Firms For Sale ID:
34119
Vendor reference:
CK004
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,000,000  
Turnover / revenue:
£1,600,000
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
 
 
 
Image Not Found
BUSINESS DESCRIPTION
Insurance Book for sale by independent insurance broker
Ref. CK004
Location : South East
Asking Price : GBP1,000,000
Turner Butler has been appointed to invite offers for the purchase of the Insurance Book of business or the share capital of a leading independent insurance broker.
Key strengths:
The business has the following key attributes:
c12,000 + policies currently in place.
Insured book value in excess of GBP1m
Customer retention rate in the range of 80% to 85%.
Approximately 60% renewals via Direct Debit/Credit Card authority.
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 sector.