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Business for Sale Summary

Auctioneers & Appraisers - 26559

Business Type: service businesses,special situations
Auctioneers & Appraisers
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Financial Information (non-confidential)

General Information
Asking Price $1,300,000 Down Payment $750,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View


$750,000 Down and 800,000 2 years 6 %

Business Description

100 YEAR OLD COMPANY FOR SALE Going Once, Going Twice Sold to the Buyer Who Knows a Great Auction/Appraisal Company! The most established and reputable auction and appraisal house in the Tri-State area is on the market. Through a discipline honed over the course of a century, this family owned business has consistently achieved the highest possible profit margins by maintaining the lowest possible backlog of unmovable inventory. With frequent on-site auctions of acquired businesses serving as the life blood of this business, the current owners have also maintained a reliable additional income stream with their well- attended monthly warehouse auctions. This business opportunity comes with additional advantages, such as its long-held and favorable lease terms for office and warehouse spaces. Additionally, this business currently only conducts 5 percent of its auctions online. With a renewed focus on this emerging auction niche, the possibilities are endless. This company would entertain the idea of a partnership at a cost of one million with 500,000 down.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.