Business Summary:
These days, many buyers are looking for well-established businesses that have "counter-cyclical" characteristics. That is, they must do well in a down-trending economy. Perhaps one of the best examples of such a business is the auction facility. Driven by bank-repossessions, court-ordered liquidations, police seizures, county equipment sales, and various distress sale situations, the auction firm does well in good times and it thrives in bad times. At a time when the press is rife with stories of slow sales, inadequate bank financing, and a severe recession, it is astonishing to see hundreds of eager buyers committing hundreds of thousands of dollars (much of it in cash) in just a few hours. Please be assured, there is no recession at this auction! Were it not for a difficult health condition forcing early retirement, this business would not be for sale. As the best-established auction facility of its type in the city, this opportunity is for the entrepreneur who wants his/her money to do the work. Prospective Buyers must agree to an NDA and must be financially qualified. The most recent full year cash flow was reported at $622,111 (2008).
|
|
|
| |
|
| Year
Business was Established: 2004 |
| |
|
| Number of Employees:
20 |
|
| |
|
| Facilities / Terms of Lease:
The business leases substantially all of the open gravel area of an 11.5 acre industrial property, along with warehouse space of approx. 6,000 sf and office space of approx. 1,500 sf. The lease is with the seller, and is negotiable at time of sale. Term is proposed to be 5 years, at a lease rent of $13,136 per month triple net plus cpi and CAM charges. |
|
| |
|
| Potential
Growth/Expansion:
Growth potential is related to adding outside sales people to increase the number of banking and county relationships. The fundamental business drivers are expanding as the economy struggles. This business does well in good times, and very well in difficult times. |
|
| |
|
| Competition:
There are a few competitors in the city, but no competitors with the same combination of size, prime location, longevity, and established business reputation. |
|
| |
|
| Owner
willing to finance:
Will consider financing up to 20% of price, less any concessions |
|
| |
|
| Owner
willing to train:
Seller will orient buyer for two weeks at a minimum of 4 hours per day on average, with schedule to be subject to Seller's travel commitments. Thereafter, seller will take phone calls and e-mails for 30 days at no charge. Additional support may be negotia |
|
| |
|
| Reason for selling:
Owner is dealing with some health issues and is retiring early. |
|
| |
|
Seller Reference Number: bm1817323088
BusinessMart.com Listing Number: 60150 |
|
|
To request more information
on this business
please fill out the form shown right 
|
