Auctioneers & Appraisers - 26559

New York County, NY
New York County

Asking Price: Annual Revenue:
$1,300,000 $500,000

Services: Business & Office Services

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RE: Auctioneers & Appraisers - 26559 Broker: David Yisroel Leventhal
Owner Financing is Available!
750,000.00 Down & 800,000 2 years 6 %

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $400,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 74324447
Broker Reference #: 26559

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Business Overview:

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.

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Reason for Selling:

Seller is retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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