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Travel Insurance Provider with Nationwide Operations and Growth Potential for Sale

Relocatable

CONFIDENTIAL SALE

  • Leasehold: Price on Application
  • Turnover: £290,000 (£5,577 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

A PROVIDER OF TRAVEL INSURANCE POLICIES OPERATING NATIONWIDE

COMPANY OVERVIEW
The company is a travel insurance intermediary providing single-trip and 
annual multi-trip policies for the general public, either online or via telephone 
calls.
Presently, the business operates successfully with a small team in place, with 
the majority of customers using online methods to arrange their policies.
The company is being offered for sale to facilitate our clients’ plans for 
retirement.
Offers invited.

KEY HIGHLIGHTS
• YE24 turnover of £290,000 with an adjusted EBITDA in excess of 
£205,000.
• Circa 23,000 policies were sold within the last full financial year, with 
approximately 4,000 annual policies that are invited for renewal each 
year.
• A large part of income is generated by the renewal of annual policies.
• Authorised and regulated by the Financial Conduct Authority (FCA).
• Scope for growth via the recruitment of additional, skilled staff to increase 
capacity alongside the implementation of further marketing activities.
• Operates from leasehold premises with a short notice period required, 
facilitating easy relocation post-sale.
• An excellent bolt-on opportunity for other insurance providers, especially 
those who currently do not offer holiday insurance.

Read more

Contact Agent

Listing Statistics

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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 'A PROVIDER OF TRAVEL INSURANCE POLICIES OPERATING NATIONWIDE - 170084 / 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.