Equipment Auction Business with Soaring Profits

Not Disclosed, OH
Cuyahoga County


Asking Price: Annual Revenue:
$160,000 $429,537

Services: Non-classifiable


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RE: Equipment Auction Business with Soaring Profits Broker: Jack DiMatteo
Owner Financing is Available!

Quick Facts

Asking Price: $160,000
Annual Revenue: $429,537
Net Profit: Not Disclosed
Cash Flow: $181,475
Total Debt: Not Disclosed
FF&E: $12,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 2
BBN Listing #: 241558597
Broker Reference #: 67201-645969

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Business Overview:

Established, successful and profitable commercial//industrial equipment auction business. One of the largest online auction companies in the United States. Main focus are restaurant equipment auctions from recently closed establishments and consignment sales. Turnkey operation comes with leased storage facility, equipment, shelving and packaging materials. Training available.

Online auction site that has grown steadily by opening franchises across the United States. The company targets liquidation opportunities in the restaurant/bar industry, but also provides liquidation services for equipment in a variety of commercial/industrial industries. Company is an industry innovator and distinguishes itself from the competition by offering service above and beyond industry standards.

While other companies exist in the online auction space, nobody offers clients the same benefits. Free shipping, sale date guarantees, and quick payment turnarounds after completed sales provide the company with a strong competitive advantage.

The fallout from the Covid 19 pandemic and an increasing stream of retiring baby boomers provide a steady stream of new opportunities. Online auctions continue gaining acceptance as the preferred option for liquidating restaurant/commercial/industrial equipment.

Warehouse with office space.

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Reason for Selling:

Retirement

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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