CK004-South East-£1,000,000-Insurance Book for sale

South East, United Kingdom

CK004-South East-£1,000,000-Insurance Book for sale

Asking Price:$1,443,999

Cash Flow:$1,220,179

Gross Revenue:$2,310,399





CK004-South East-£1,000,000-Insurance Book for sale

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Business Description

Insurance Book for sale by independent insurance broker
Ref. CK004
Location : South East
Asking Price : £1,000,000
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 £1m
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.

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Reeta Verma

Business Listed By:
Reeta Verma

Turner Butler

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