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in Abbotsford: Central Abbotsford Business for sale : MLS®# C8055627

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Main Photo:  in Abbotsford: Central Abbotsford Business for sale : MLS®# C8055627
$1,700,000
Prop. Type:
Business
MLS® Num:
C8055627
Status:
Active
Bus Major:
Professional/Administrative Services
Bus Minor:
Insurance Services
*Showing by appointment only, do not disturb staff* Exciting opportunity to acquire a well-established insurance business located in Abbotsford. Services offered private auto insurance, and travel insurance. The licensing value alone is estimated at around $1 million, acknowledged by financial institutions that are open to providing mortgage loans against it. BMO Bank offers loans ranging from $700,000 to $800,000. There are approximately 900 insurance licenses in the entire province of BC, and with no new licenses being issued, the value of an existing license is significantly high. You can opt for either a share sale or asset sale. The overhead costs are minimal, with rent as low as $3937/month. The business currently employs 4 full-time and 1 part-time staff members. It enjoys a steady flow of daily foot traffic, averaging around 30-40 customers. 50% profit. Turn-key business. Don't miss out! Confidential listing, please contact for more information today!
Sale Type:
Asset or Share
Major Bus Type:
Professional/Administrative Services
Minor Bus Type:
Insurance Services
Name of Complex/Subdivision:
# Other Units:
Total Floor Area:
Switch units of measure200 sq. ft.
Lot Area:
Switch units of measure0 sq. ft.
Land Use/Zoning:
BUSINESS
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
Listed by Grand Central Realty
Data was last updated May 11, 2024 at 09:10 PM (UTC)
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