Independent Insurance Brokerage with Three Locations (Located in Communities near Saskatoon)

Location: Communities near Saskatoon

SOLD!

Listing Details

Asking Price: $875,000 (includes one location’s real estate)
Annual Gross Sales: $389,638 (FYE December 31, 2013)
Annual EBITDA* + Seller's Wage: $234,511 (FYE December 31, 2013)
Year Opened: 1950
Facilities: One location owned and two leased
Employees: 3 full time, 1 part time

Notable Highlights:

  • Low overhead and great cash flow.
  • Long-term clients and strong book of business.
  • Opportunity for business to expand into financial and tax preparation services.

*Annual EBITDA = Earnings before interest, taxes and depreciation/amortization.

Reason for Sale

Owners are retiring after 28 successful years of running this business.

Business Description

The brokerage deals in personal lines general insurance, commercial insurance, hail insurance, and motor licensing. The primary markets are the farming/agri-business and businesses in the oil fields. As an independent broker they deal with several product lines such as SGI, Wawanesa, and Saskatchewan Mutual Insurance.

Training and Support

Current owner is willing to carefully mentor a Buyer on all aspects of running the business to ensure a successful business transition.

Market Opportunity

The Company is currently highly successful in its region, focusing on insurance and SGI motor licensing products. There is significant opportunity to expand into financial services and tax preparation services. The Company and has three locations in the region, and is known for providing excellent service with long-term and loyal clientele.

If you are interested in this business, please contact:

Travis Kellett, Broker
Bridgepoint Business Brokers 
Email: Click to email Travis

Phone: 306-979-8750

Download Listing as PDF

Click to download the Independent Insurance Brokerage listing as a PDF

Important!

The information contained in this listing is provided solely by the seller and has not been verified, audited, or confirmed by Bridgepoint Business Brokers. Bridgepoint Business Brokers makes no representations, expressed or implied, as to the accuracy of the data, its completeness or the conclusions to be drawn from the information. Prospective purchasers should seek the counsel of their accountant, lawyer, and/or other professional advisors.

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