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Idaho Business For Sale |
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| ESTABLISHED FULL SERVICE AUTO AUCTION HOUSE |
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| Attn: Mickie Bernard |
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| not disclosed, ID, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Professional |
| Reason for Selling: |
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Owners are looking to pursue other opportunities |
| Year Established: |
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2001 |
| # of Employees: |
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55 |
| Yearly Revenues: |
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$32,000,000 |
| Yearly EBITDA: |
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$630,000 |
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Business for Sale Overview:
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The March Group, LLC currently represents a full service auction house with limited competition, featuring auto and truck sales, vehicle transportation, detailing, mechanical services and fast and efficient title processing. Developed primarily as a dealer’s only auction with additional auctions for the public, this Company has a large amount of growth potential and represents the ideal investment opportunity for an established business looking to expand operations. 2007 posted revenues of $32 million are divided by auto sales (87.5% of revenue), services consisting of flooring, detailing, mechanical and transportation (6.8%), and both seller and buyer fees (5.7%). By focusing marketing efforts on large bank and lease accounts, as well as factory direct sales, 2010 projected revenues of $60 million could easily be bypassed. Approximately 1,200 automobile dealers in the Company database, of which an estimated 150 to 200 dealers attend Company auctions each week. Secure and maintained web site gives automobile sellers 24-hour access to their inventory, status of titles, and gross and net sales. Partnership with an automotive re-marketing company provides internet access to vehicles for sale via live online auctions. Holds all required licenses needed to operate, including a Dealers License and a Finance Permit. Knowledgeable key employees are expected to remain with the Company following a transition in ownership.
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Property Features and Assets:
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22,000 square feet facility divided equally between office space and auto lanes used for auctioning, located on 15 acres of fenced and paved land designed specifically for auto auctioning, with an additional 25 acres available for anticipated expansion, all available for purchase or long term lease with the business.
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Market Competition and Expansion:
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Prospects for future growth are excellent, with opportunities available in geographic expansion, service expansion and increased sales efforts to target factory sales and large bank and leasing company clients. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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