13 Year Restaurant Asset Auction Biz | $30K Avg.

Business Overview:

SellerForce® presents a flourishing Auction Services brand that has carved out a niche in the asset Liquidation Market, focusing primarily on the closure of dining establishments. This 10-year-old company has become a trusted resource for restaurant owners seeking to efficiently liquidate their assets, thanks to its tailored on-site Auction Services.

Most of their customers are restaurant owners, and 70% of them consistently return. That kind of loyalty demonstrates the company’s strong focus on service and customer satisfaction. They operate on a strong revenue model, earning a 35% commission from sellers and a 15% premium from buyers. This setup generates a total gross commission of 50% on each auction. No long-term inventory is required; equipment stays in the restaurant until pickup, keeping overhead minimal.

Looking ahead, the company is poised for expansion, with strategic plans to branch out into additional auction categories, including collectibles, estates, and vehicles. The business is looking at new ways to grow by adding more services and reaching a wider range of customers. Hiring auction agents in new areas could also boost the number of auctions and help the company expand its presence.

Marketing relies on direct email, Facebook ads, and targeted posts on industry-specific auction boards, all routed through a subscription auction software platform that processes bids, invoices, and credit card payments. They process an average of 50 invoices daily. This targeted approach ensures that the company remains at the forefront of customers' minds when they require auction services.

This business is characterized by its efficient operational model, requiring minimal work hours per auction, which is supported by a proficient team focused on customer relations and auction management. Such operational efficiency not only guarantees sustainable growth but also presents a unique opportunity for a potential buyer to scale the business further with ease.

This is a compelling acquisition target for any buyer looking to invest in a business with a proven track record, strong market position, and significant growth potential. For more information on this opportunity, contact SellerForce today and take the first step towards acquiring a thriving business in the auction services sector.

Key Valuation Points
• 10-Year-Old Business
• 70% Repeat Customers
• 50% Gross Commission
• $1,000 Average Per Auction Cost
• $30,000 Average Auction Value
• 90% Client Base from the Restaurant Sector
• Minimal Working Capital Required

Listing ID: SF510 >>

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