Profitable, Well Established, Auction Business!
| Asking Price: | $1,200,000 |
| Gross Revenue: | $4,329,059 |
| Cash Flow: | $524,632 |
| Established Year: | 2017 |
Limited Competition, Great Geographical Location.
Business is an established and well recognized professional liquidation and appraisal business that has seen continued financial growth.
The business has a very solid financial profile.
Business is a necessity for numerous industries, that do and will continue to need an avenue in which to liquidate inventory/equipment in a short period of time.
The business is a specialized service/niche, and the sees little to limited competition in their region of operation.
Business is in a great geographical area for industry purposes (i.e., inventory, interest and attendance on auction days etc.)
The business enjoys healthy, long-term relationships with consistent attendees (buyers) and with sellers as well.
DISCLOSURES: The Secretary of State does not issue licenses to an auctioneer or auction company, however, there is a requirement to have a $20,000 bond on file with the Secretary of State (see California Civil Code 1812.600). The new owner will also have to obtain their Vehicle Dealer License for the resale of vehicles at auction.
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