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Established Property Insurance Business in South East England For Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    29/11/23

  • Advert ID

    603282

  • Reference

    B07608 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Property Insurance Business

Business
PLEASE QUOTE REFERENCE B07608

Trading since the 1990s, provider of a full range of products and services offered to Property Managing Agents and their clients. The business provides both highly sought-after rental warranty guarantee services and priority insurance brokerage, a service inclusive of commercial Insurance business of general nature.

The company has built an outstanding reputation, with over 30 years’ experience working with the Lettings & Management industry, building strong foundations and relations, including long-standing clients.

Their reputation and attention to impeccable service have granted them a steady rate of repeat business, which constitutes most of the business for the company, as well as a flawless customer service record to be proud of.

Building on their past and present successes, the business is now at an ideal time in its growth trajectory to continue its brand excellence and expansion back to early 2000s level, when they were the second largest provider in the UK. There is scope for product enhancement and new marketing strategies, with all the elements in place to continue and further future profitability.

The business has several distinctive capabilities and assets to stand out from its competitors and attract the prospective purchaser, including:

  • A strong and specialised portfolio, with bespoke solutions that non-specialised insurer agencies do not provide.
  • Strong competitive edge and strategy.
  • Small enough to offer personalised service and deliver to the highest standards.
  • Past and present successes to build on.
  • Reliable lead times.
  • A specialised team in place and a clear succession.
  • A wealth of knowledge and experience, operating for 30+ years in the sector.
  • A healthy financial profile with potential for growth, with over £190k turnover in 2022.
  • Pedigree well beyond its size, which can be used to expand in the hands of new owners and with the right input.
HIGHLIGHTS

  • Specialised service offer.
  • Excellent reputation and trading history.
  • Existing clientele and long-standing contracts.
  • Significant scope for growth.
OPPORTUNITIES

  • Focusing on enhancing existing service offer.
  • Implementing new marketing opportunities.
  • Positive market conditions.


Location
South East England.



Premises
Leasehold



Tenure
Leasehold



Hours
The business trades all year round.



Staff
Further information can be made available on request.



Financial Profile
YE22 Turnover IRO £191k

  • 100% share capital.
  • Interested parties to sign an NDA.


Read more

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Property Insurance Business - B07608 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.