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.
Year End Jul 31 | 2017 | 2018 | 2019 | 2020 |
Revenue | $989,061.00 | $1,041,444.99 | $1,113,727.85 | $943,476.05 |
Gross Profit | $292,939.00 | $337,180.44 | $321,292.06 | $266,193.96 |
Gross Profit | 42% | 48% | 41% | 39% |
Normalized EBITDA | $414,390.00 | $458,592.96 | $443,123.33 | $388,930.46 |
Average Gross Margin | 42% | |||
4 Year Weighted Normalized EBITDA | $426,087.07 |