Description

A rare opportunity exists to acquire this locally owned insurance brokerage, successfully operating in the Lower Mainland for the past 35+ years. They specialize in Home, Auto, Travel and Tenant coverage, made up of primarily personal lines and including an Autoplan license.

Enjoying a solid clientele base, the Company is well established with a reputation for customer service and support, which has resulted in strong retention and consistent performance.

The local P&C and Autoplan market is considered a mature and highly competitive industry, where expansion, through market share gain is difficult, acquisition of a brokerage like this represents a significant opportunity for growth to an existing business.

Business Highlights

  • The Company has quality books of business that could be easily incorporated into an acquirer’s operations
  • The Company recently invested significant funds on office renovations
  • Revenue for the fiscal year 2019 was $943,476.05
  • Normalized EBITDA $388,930.46
  • 4 Year Weighted Normalized EBITDA $426,087.07

Location

  • City Lower Mainland
  • State/county BC

Details

  • Price: $2,800,000
  • Property Type: Business
  • Property Status: SOLD

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Damian Luke
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