Business For Sale

Profitable Established Auction House

Not Disclosed, PA
Lebanon County


Asking Price: Annual Revenue:
$350,000 $1,634,600

Services: Non-classifiable


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RE: Profitable Established Auction House Broker: Jim Eshleman
Owner Financing is Available!

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,634,600
Net Profit: Not Disclosed
Cash Flow: $187,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 1930
Employees: 7
BBN Listing #: 785133784
Broker Reference #: 41007

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Business Overview:

This extremely well established auction house provides valuable estate liquidation services to executors of estates and families of seniors downsizing or moving into retirement communities. As presently operated, this business operates on a 40 hr per week schedule and is thus lifestyle friendly. The business is relatively recession proof and has maintained very steady sales and profitability year after year. Sales are held on a weekly basis and are cash at time of sale. Thus working capital requirements are low and there is no inventory to manage and worry about. Great opportunity for an auctioneer to earn a substantial income or could be owned and run by a manager with a hired auctioneer of record. This business has a very set routine that is executed over and over on a weekly basis. Seller will discount full package (business and real estate) for simultaneous purchase by $100,000 for a combined price of $750,000. With SBA financing, this business can be bought with a cash injection of $39,500, buyer gets $25,000 cash at closing for starting working capital, and the cash on cash return is 181% ($71,000 on a $39,500 investment) annually after paying debt service. To purchase business and real estate, the cash injection is $82,000, buyer gets $30,000 cash at closing for starting working capital, and the cash on cash return is 106% ($87,000 on a $82,000 investment) annually after paying debt service.

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Property Features and Assets:

Business has 4 box trucks and loading and packing equipment for transporting estate possessions to its auction facility. Also has office and auction floor equipment necessary to conduct weekly auctions.

Market Competition and Expansion:

75+ year old company that is the predominant player in its market area. Offers a full scope of services and is very established with good referral partners for maintaining steady work. Demographics of huge baby-boomer generation moving into retirement years should provide a steady stream of future work. Business could be expanded geographically or could add new specialties to scope of auction services. Several competitors have gone out of business leaving room for a growth minded buyer to expand the business.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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