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Profitable Auction Facility
| Asking Price: | $1,268,000 | Inventory: | |
| Gross Revenue: | $5,223,231 (comments below) | Real Estate: | n/a ** |
| Cash Flow: | $622,111 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 | |||
| Cash Flow Comments: Seller's Discretionary Cash Flow 2008 | |||
These days, many buyers are looking for well-established businesses that have "counter-cyclical" characteristics. That is, they must do well in a down-trending economy. Perhaps one of the best examples of such a business is the auction facility. Driven by bank-repossessions, court-ordered liquidations, police seizures, county equipment sales, and various distress sale situations, the auction firm does well in good times and it thrives in bad times. At a time when the press is rife with stories of slow sales, inadequate bank financing, and a severe recession, it is astonishing to see hundreds of eager buyers committing hundreds of thousands of dollars (much of it in cash) in just a few hours. Please be assured, there is no recession at this auction! Were it not for a difficult health condition forcing early retirement, this business would not be for sale. As the best-established auction facility of its type in the city, this opportunity is for the entrepreneur who wants his/her money to do the work. Prospective Buyers must agree to an NDA and must be financially qualified.
About the Business
Year Established:2004
Employees:10 full time - 10 part time
Facilities:The business leases substantially all of the open gravel area of an 11.5 acre industrial property, along with warehouse space of approx. 6,000 sf and office space of approx. 1,500 sf. The lease is with the seller, and is negotiable at time of sale. Term is negotiable, at approximately 5 years, at a lease rent of $13,136 per month triple net plus cpi and CAM charges.
Market Outlook and Competition:Growth potential is related to adding outside sales people. The fundamental business drivers are expanding as the economy struggles. This business does well in good times, and very well in difficult times. There are a few competitors in the city, but no competitors with the same combination of size, prime location, longevity, and established business reputation.
About the Sale
Management Training and Support:Seller will orient buyer for two weeks at a minimum of 4 hours per day on average, with schedule to be subject to Seller's travel commitments. Thereafter, seller will take phone calls and e-mails for 30 days at no charge. Additional support may be negotiated thereafter, under market rate consulting engagement.
Reason For Selling:Seller is dealing with a medical issue, and must sell.
Seller Financing:Seller will consider partial financing to qualified buyer. Submit proposal.
Attached Files - Attachment Disclaimer
 | Auction Facility Photos - Auction Day Photos |
KEYWORDS: profitable,established,portland,oregon,auction,repo
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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