General Info

  • Type: Business
  • Price: $2,800,000

Contact Info

Business Summary

Opportunity

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

Financial Summary

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

Nai Businesses Newsletter

Alf Sanderson
Phone: (604) 691-6646 | Cell: (604) 657-5638
alf@naicommercial.ca

Delon Cheung
Phone: (604) 691-6654 | Cell: (604) 760-7367
delon@naicommercial.ca