WPA Healthcare Practice (franchise for sale in Buckinghamshire & Hertfordshire)
- Location(s): Buckinghamshire & Hertfordshire
- Selling price:£40,000
WPA Franchise Business For Sale – Buckinghamshire/Hertfordshire
An excellent opportunity to purchase an established and successful WPA franchise territory located in Bucks/Herts.
The current Healthcare Partner purchased the business 7 years ago and has seen significant growth since then.
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. 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. This portfolio is primarily based in Bucks & Herts but with some customers located elsewhere following introductions to the Healthcare Partner.
Healthcare Partners generate income from fees on new policies, and the renewal of existing customer policies. WPA prides itself on its renewal levels, which provides an ongoing income stream for its franchisees. Over the last 2 full calendar years the current Healthcare Partner has a customer retention level of over 92%, giving a good level of renewal fee income. Low direct costs also help to increase the profitability of this business.
What your investment provides
Excellent ongoing support and administration from WPA. This enables the Healthcare Partner to focus on building their business and servicing existing customers. An initial 1 week residential course is backed up with ongoing guidance and a launch package. During the first 2 years a new franchisee will have an existing successful Healthcare Partner as a mentor.
The business has a spread of both personal and corporate clients and has seen an increase in renewal income every year since 2010. Located around the towns of High Wycombe, Amersham, Beaconsfield, Gerrards Cross and Rickmansworth the business has great potential to be expanded further.
The current owner now wishes to re-locate to another part of the UK and is willing to sell the business to an appropriately experienced and committed professional who is seeking the chance to build their own business.
The sale price is £40,000
Full details are available following the signature of a non-disclosure agreement