WPA Healthcare Practice (franchise for sale in West London/Surrey)
- Location(s): West London/Surrey
- Selling price:£310,000 (Bank funding available)
- Established: 2005
WPA Franchise Business for Sale – West London / Surrey
An outstanding opportunity has now arisen to purchase this established and highly successful WPA franchise territory, located in West London / Surrey.
The business was formally established in 2005 as part of the new WPA Franchise system. The current healthcare partner purchased the business from the original partner 4 years ago, since when the business portfolio has grown significantly.
Founded in 1904, WPA is a specialist, 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. This portfolio of clients are almost entirely located in London and the South East, with a high concentration in the greater London area.
Healthcare partners generate income from fees on new policies, and also the renewal of annual policies, as they become due. WPA prides itself on the level of its renewals, which provides an on-going income stream for its franchisees. The current healthcare partner has consistently maintained renewals at 90+%, thus consistently ensuring very high levels of renewal fee income.
What you get for your investment
The support from WPA is first class, enabling a new owner to understand and grow the business. Initially, there is a one week residential training course covering all aspects of the business, followed by a launch package. During the first two years, a new franchisee will have an existing successful franchisee as a mentor.
The business has developed a portfolio of both corporate and individual clients, with excellent retention year by year of 90+%. It has a growing, regular income from clients renewing policies as they mature. In addition, WPA pays very generous new business fees.
This is a growing portfolio of business, upon which the purchaser can further expand the business.
Located in an extremely affluent and densely populated part of Surrey and London the business has grown strongly, with an almost 50/50 split in renewals fees between corporate and personal policies.
The current owner now wishes to retire, and is willing to sell the business to an appropriately experienced business professional, who is seeking a business that will produce strong, and increasing income.
With very low direct costs, this is an extremely profitable operation with ongoing renewal fees, plus new business fees, combining to produce high levels of income. The sales price is £310,000.
A full prospectus of sale is available following the signing of a non-disclosure agreement.
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