Auctioneers & Appraisers for Sale in NYC - 26559 Business Type: agents/brokers,seller financing available,misc. retail/non-classifiable
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,750,000 | Down Payment | $1,000,000 |
| Gross Revenues | $650,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $600,000 | Number of FT Employees | Register Free to View |
Financing
$1,000,000 Down and Balance at 4 % for 36 months
Business Description
Now on the block: The tri-state area's most established and respected auction house.
This dynamic auction and appraisal firm is now available to a buyer with the vision to take it into its second century of success.
The firm stages many auctions at client locations and ongoing online auctions similar to those found on the internet.
They also conduct traditional outcry auctions with items from the private, commercial and governmental sectors.
These auctions are accompanied by simultaneous Web simulcasts. 75-60% of their business comes from banks and lenders- liquidation auctions pay all expenses directly to their part time employees- so there is very very little overhead.
Since Covid they have perfected their ability to work 100% in the "field"- no location is needed any more. Seller says everything is spelled out in documentation
After almost 100 years and four generations in one family, the current owners want their business to continue to succeed. As a result, they are willing to stay with the company to train their successor.
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.
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