Business for sale

Confidential address, Central Abbotsford, Abbotsford

$1,700,000 or
Business for sale in Central Abbotsford, Abbotsford, Abbotsford, Confidential address, 224960696 | Realtylink.org
$1,700,000 or

Business for sale

Confidential address, Central Abbotsford, Abbotsford

Features

Lifestyle
224960696 1700000 /en/business~for-sale~central-abbotsford-abbotsford/224960696?view=Summary /en/business~for-sale~central-abbotsford-abbotsford/224960696/photos 48.4802000000 -123.4139900000 true
Floor Area
200 sqft
Zoning
BUSINESS
Major Business Type
Professional/Administrative Services
Minor Business Type
Insurance Services
Confidentiality Agreement Required
Yes

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!
MLS® Number C8055627

Listing REALTOR®

Max Chiu, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Max Chiu

REALTOR®, Personal Real Estate Corporation

Grand Central Realty

Grand Central Realty,

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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