Project Horizon — Listed opportunity
Under buyer reviewNational Canadian real estate brokerage franchise with $10.4M GCI, 44% Adj. EBITDA margins, and strong growth potential.
A national full-service real estate brokerage offering lower, flat-fee commissions.
Sector
Real estate brokerage & franchise
Full-service residential brokerage offering lower commissions than industry norm
Geography
Undisclosed (Canada)
~30 franchise offices and ~200 agents nationwide; coast-to-coast footprint
Revenue
~$1.36M Net Revenue (FY2025)
$10.4M Gross Commission Income; 6.9% YoY net revenue growth
Adj. EBITDA
~$605K CAD (FY2025)
44.3% Adj. EBITDA margin on net revenue
Process
Share sale
Target close Q4 2026; flexible timeline, owner open to staying involved