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Highly Profitable, Established Auction House For Sale

Illinois/Wisconsin Border, Wisconsin, US
Asking Price:
$1,599,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$986,650
Cash Flow:
$379,450

This listing is for a well-established auto auction located on the Wisconsin/Illinois border that is available to a qualified buyer. This business has been an established fixture in their marketplace for over 50 years and it offers a buyer a substantial yearly income of over $300,000. This company operates as an auction house for automobile dealers. Their auctions are participated by over 200 dealers and their autos tend to sell in $4,000-$8,000 range. The auction house features three lanes with 50-60 part-time employees during one night per week including drivers and administration staff. This business has consistently offered a strong cash flow for the owner and over $600,000 in asset value is to be transferred with the business sale. This includes their real estate which is valued at $355,000. The financials below represent only a part-year for 2020 that has already exceeded that of 2019. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or email. Online inquiries will be replied to with an email from an address with an NDA attached. Sometimes, these can get filtered into junk/spam folders. If you do not hear back from us with 24 hours (weekdays), please contact the agent either by phone or by email.

Property Information

Real Estate:

Real Property Included

Location:

Illinois/Wisconsin Border

Premises Details:

3 Buildings (3 Auction Lanes) on 10 acres included in the asking price and valued at $355,000

Size in square feet:
10 acres

Business Operation

Expansion Potential:

Advertise, Buy more autos themselves to sell at auction

Reasons for selling:

Retirement

Employees:
10
Years established:
68

Other Information

Support & training:

Owner will train the buyer for 4 weeks

Furniture / Fixtures value:
$146,000 - included in the asking price
Inventory / Stock value:
$105,000 - included in the asking price

Contact The Marvin Group LLC

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