The current owner developed the business from scratch over 20 years ago. They perform 4 major auctions per year. They take consignment of fine jewelry (primary revenue source), precious metals, coins, fine art, and antiques. Most of the customers have inherited items, are downsizing, or planning an estate sale, and use the auction process to maximize selling prices. Most of the business comes from walk-ins, trust attorneys & real estate professionals.
- Asking Price:
- $350,000 Furniture / Fixtures included
- Sales Revenue:
- $800,000
- Cash Flow:
- $150,000
Property Information
- Real Estate:
-
Lease
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The new owner should put in a marketing program. All of the items listed are above $500 by the current owner’s preference. A growth opportunity lies in items under $500.
- Reasons for selling:
-
Retirement
- Years established:
- 20
Other Information
- Support & training:
-
The owner is willing to train and assist in a smooth transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
There is some seller financing for qualified buyers.
- Furniture / Fixtures value:
- $20,000 - included in the asking price
