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Third-Party Protection Plan Administrator – BN000043554

Southeast US, US
10M-25M500K-2M Professional Services / Consultancy, Retail
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TEASER
CLIENT CODE: BN000043554
REVENUE/TURNOVER: $11,172,000
EBITDA: $767,000
HEADQUARTERS: Southeast US
 
Interested? Contact Us
813-898-2350
wsullivan@benchmarkintl.com
Third-Party Protection Plan Administrator – BN000043554

William Sullivan

interested in this opportunity?
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The company is a third-party protection plan administrator and warrantor. The company provides warranty administration, captive management services, and customer service for retail dealers. Retail dealers resell the company’s protection plans to its customers. The company provides in-home repair services for protection plan holders.

Key Aspects

  • Average adjusted EBITDA margin of 11.0% from 2019 through 2022
  • Ability to sell its protection programs anywhere in the United States
  • Auto-renewing contracts with every retail dealer in the company’s network
  • Significant reoccurring revenue
  • Proprietary software and applications
  • Ability to scale to meet increases in demand without incurring additional costs
  • Reduced warranty and protection-program loss liability through the company’s use of producer-owned reinsurance captives

Opportunities

  • Expand product and service offerings to other industries
  • Capitalize on new product offerings to increase market share
  • Develop additional direct-to-consumer products & services to increase margins
  • Leverage current software to increase margins

Headquartered

  • Southeast, US

Current Markets

  • The company currently serves retail dealers and customers in the furniture and jewelry market segments across the United States

Real Estate

  • The company operates from a 6,500 sq. ft. facility leased from an unrelated third party • Management notes that the company is relocatable

Shareholder Objectives

  • The company is owned by five shareholders
  • The majority shareholder owns 85% of the company and is the only actively involved shareholder
  • The majority shareholder, and current CEO, is willing to remain with the company to facilitate a smooth transition to new ownership

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