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Established Auction And Appraisal Business For Sale

New York County, New York
Asking Price:
$1,300,000 (USD)
Sales Revenue:
$500,000 (USD)
Cash Flow:
$400,000 (USD)

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.

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Seller is retiring.

Other Information

Support & training:

The seller is willing to train the new owner.

Financing available:

750,000.00 Down & 800,000 2 years 6 %

Contact Information

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