Very well established and successful business, offering health insurance as part of WPA has now become available due to a genuine wish to retire.
An exceptional opportunity has arisen to purchase a highly successful WPA franchise territory located in Essex and covering accounts in Essex and London. The current healthcare partner started the business in 2009.
Founded in 1901 WPA Health Insurance is a not for profit UK health insurer with a large and growing community of customers. Franchise owners (Healthcare Partners) normally operate from home, servicing both corporate and private clients. They have the freedom to grow and develop their own portfolio of customers, but with the full support and backing of WPA head office. No prior medical knowledge or experience is necessary. The portfolio of our client is located mainly within Essex & London but with some customers being located further afield following referrals to the Healthcare Partner.
Healthcare Partners generate income from fees paid on new policies and from the renewal of existing customers policies. WPA pride themselves on their renewal levels which provides an ongoing income stream for its franchises. Our client enjoys a retention level of over 90% giving a fantastic level of renewal fee income year on year.
In addition, very low operating costs help to increase the profitability and scalability of the business model. Excellent ongoing support and administration from WPA enables the Healthcare Partner to focus on building their business and servicing existing customers.
Our client will ensure they are on hand for as long as needed to ensure a smooth transition period with ongoing support and mentoring and, if required, may be open to supporting the new owner on a more structured and ongoing basis.
The business would suit anyone with drive and passion who wants to own an already successful business with strong growth opportunities.
Key features:
- Well established and very successful WPA territory
- Year on year growth
- Excellent client retention rate
- Low cost operation (work from home)
- Fantastic franchise location
- No monthly franchise fee
- Guaranteed income from renewals
- Valuable Portfolio with over £1 million of Health Care Cover
- Over 1665 active clients
- 50/50 split on corporate to private clients
