$1,700,000
Address not disclosed Abbotsford, BC V0V 0V0
$1,700,000
Est. payment /mo
200 SqFt
Active
Address not disclosed Abbotsford, BC V0V 0V0
UPDATED:
11/09/2023 09:22 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 200 sqft
Price per Sqft $8,500
Subdivision Central Abbotsford
MLS Listing ID C8055627
Property Description
*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!
Location
State BC
Community Central Abbotsford
Area Abbotsford
Zoning British Columbia Default Zone
Region Fraser Valley
City Region Fraser Valley
Building
Dwelling Type Business
Listed by Grand Central Realty
