Classic Auction House Business with Steady Sales & Profits

Lancaster County, PA

Seller Financing Available
Classic Auction House Business with Steady Sales & Profits

Asking Price:$590,000

Cash Flow:$194,000

Gross Revenue:$1,480,000

EBITDA:N/A

FF&E:$35,000

Inventory:N/A

Established:1930

Classic Auction House Business with Steady Sales & Profits

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Business Description

Invest $80K, take $60K salary, and have $38K surplus after salary and debt svc!

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.

Detailed Information

Employees:
7+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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.
Competition:
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.
Growth & Expansion:
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.
Financing:
Will finance half of equity injection for qualified SBA financed buyer.
Support & Training:
Seller willing to provide reasonable training and may be willing to assist buyer with limited services on a part-time basis after the sale.
Reason for Selling:
Retirement

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James A. Eshleman

Business Listed By:
James A. Eshleman

Strategic Endeavors LLC

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