Highly Respected Auction Business, Long Established
Edmonton, AB
| Asking Price: | $990,000 |
| FF&E: | $100,000 |
| Established Year: | 1980 |
| Gross Revenue: | $2,000,000 |
| Real Estate: | $1,999,900 |
Listing ID: 2268792Listing provided by BizBuySell
BUSINESS DESCRIPTION
Ideally suited for family business operation. Goods are generally consigned, so no, or low, inventory costs. Current location has been established auction building for over 40 years. Building is for sale separately.
Fun and interesting business that allows for selling a huge variety it items including, but not limited to, cars, boats, estate items, antiques, tools, equipment, jewellery, furniture, business closures, collections, artwork, real estate, in fact, almost anything.
DETAILED INFORMATION
Location
Edmonton, AB
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
12,500
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes everything required to continue operations. Computers, PA system, display cases, customer lists, phone number, website, safe, alarm, decades of goodwill and more.
The building is in a prime location and for sale separately. The business can be relocated, however, the advantage of keeping it in the current location can not be understated. Preference will be given to a combination purchase of business and building together, followed by selling the building prior to the business and thirdly, selling the business prior to the building.
Competition
Auctions are a popular way to buy and sell and have seen exceptional growth in the past few years.
Growth & Expansion
Huge opportunity for growth. Our long established foothold means our phone rings a lot, simply say yes to more consignments.
Support & Training
Post sale training available. Possibility of current owner providing commission based contract work after sale.
Reason for Selling
Planning semi-retirement
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