| CK002-Buildings Insurance Claims |
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United Kingdom
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INDUSTRY
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BUSINESS SUMMARY
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Buildings Insurance Claims Management Service
Confidentially offered for sale
Ref No: CK002
Location: North London
Asking Price £210,000
This unique business, part of a highly successful UK franchise operation, manages buildings insurance claims on behalf of clients, who are domestic policyholders. The franchisor has pioneered a unique service, undertaking all aspects of building repair work for the client, whilst incorporating a free of charge claims management service.
80% of claims are as a result of water ingress, although of course, all manner of claims are handled including fire, impact and storm damage, explosion, theft damage and flood. All of the above will be distressing for the client who is then faced with the onerous task of dealing with and submitting a claim to the insurance company and arranging for the repair work to be undertaken. The business removes this stress offering an all inclusive service, which covers the following activities:
· A Claims Manager will visit the property to assess the damage.
· The Claims Manager will prepare a detailed buildings repair schedule, which is then submitted to the insurance company.
· Meetings are held with insurance company representatives, including loss adjustors, to agree scope of works.
· Price for repair is agreed.
· Approved building contractor is appointed. The company oversees all work which is completed to the highest standards.
· The company invoices the insurance company directly.
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BUSINESS FINANCIALS
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GENERAL COMPANY INFORMATION |
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Organization Structure: |
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Headquarters/Main Location: |
Home Based
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Time on lease/mortgage: |
N/A
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Is Business Relocatable? |
No |
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MARKET OUTLOOK/COMPETITION
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| The franchisor provides a web site which directs enquirers to a national call centre and describes the services offered. In addition advertisements are placed in Yellow Pages™, Thomson Local™ and The BT Phone Book. Yell.com™ is also used. Some occasional advertising is placed in local newspapers. |
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DETAILS ABOUT THE SALE
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Support & Training
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A period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership. |
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Reason for Selling
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The current owners are looking to dispose of their interest in the business to enable them to focus on other activities. |
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Is Management Willing to Stay?
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No
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Are You An Intermediary?
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No
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Web Site Design
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