Listing Number: 6401-661840
Description
Profits are at a 20-year high! This is a rare opportunity to acquire a business that has a positive impact in society. For 2 decades this business has supported charities and fundraising groups through its popular auction services across the country. Charities rely on donations and fundraisers. This auction service is critical in fundraising efforts for many great causes. They provide in-person or virtual auction services. Auction items include trips, wine, memorabilia, fine art and many other valuable products. The sale includes over $350K of equipment and $304K of auction-able inventory. As with many businesses, Covid hindered revenue in 2020 & 2021. However, 2022 saw profits continue to increase. 2023 not only marks a full recovery from Covid, but this business is now more profitable than ever! The seller will stay on for up to 1 year for extended transition if needed. No auction experience necessary. Longstanding GM in place. Serving clients across the US with exceptional opportunity for continued growth. All prospective buyers will need to sign NDA and provide personal bio.
Listing Details
- Price: $ 1,450,000
- Down Payment: $1,450,000
- Sellers Discretionary Earnings: $ 376,821
- Total Sales: $ 3,131,174
- Location: Yolo County, California
- Inventory: $ 304,062
- FF&E: $ 356,685
- Employees: 16
- Year Established: 1993
- Reason for Selling: Retirement
- Category: Business Services
