Profitable NW Appraisal & Auction Business with Incredible Terms

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Low Down Payment Extensive Training Seller Financing First Payment Due in 2020
Asking Price:
$548,703

Gross Revenue:
$1,387,777
Cash Flow:
$202,912
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$17,000
included in asking price

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Business Description

This firm provides appraisal and auction services primarily for lending and liquidation purposes and specializes in appraising and/or auctioning commercial and industrial equipment and machinery. All appraisals are performed in accordance with AMEA (Association of Machinery and Equipment Appraisers) standards and follow USPAP (Uniform Standard for Professional Appraisal Practice). Seller is seeking to structure sale to receive payment over time and offering seller financing up to $300,000 at an interest rate of 6% for 5 years. Seller is interested in continuing employment with buyer to ensure a smooth transition and seeking an employment agreement for a period of up to four years that would include an annual salary of $60,000 per year with full time employment the first two years and part time employment year 3 and 4. This is an excellent business opportunity for purchaser to acquire a successful, established business with a low up-front investment while retaining the knowledge and experience of the current owner to learn the business and facilitate a solid transition plan over time which is intended to ensure the on-going success and profitability of the business.

About the Business

Year Established:
2002
Number of Employees:
2
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
600
Lease Rate/Sq. Ft./Mo.:
$816.00
Facilities:
Currently share space with spouse in real estate office. Buyer will need to relocate office.

In business since 2002, this profitable commercial and industrial appraisal and auction business has established a large book of business that would be transferred to the new buyer along with a trained professional staff as well as guidance from the current owner. This is a perfect acquisition opportunity for a competitor seeking expansion in the NW market or an individual who would be seeking to get into an established appraisal and auction business. The seller is willing to continue employment with the new buyer to provide support and training for an extended period to ensure a smooth transition and a successful transfer of established relationships. This is a rare opportunity to learn from an owner with over 42 years of industry experience and assume an established turn key business with a solid history of sales and profitability.
Market Outlook/
Competition:
This business serves a variety of industries throughout the NW including construction, road building, aggregate suppliers, paving, contractors’ equipment, transportation equipment, logging, sawmill, pulp mill, plywood, particle board, furniture manufacturing, metal fabrication, machining, mining, agriculture, material handling equipment, food processing, printing equipment … to name a few. A large and varied book of business is ready to be passed on to the new buyer.
Growth & Expansion:
When an appraisal or auction in the commercial or industrial realm is needed in the NW, this firm is top of mind to various banks, credit unions, attorneys and other referral sources. Benefiting from its long history and established relationships, very little marketing has been needed to generate new business and promote its services. This is a huge advantage to a new owner who has the option to strategically maintain their market position or utilize the existing systems and support to expand into other geographic markets through implementation of a formal sales and marketing program.
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About the Sale

Reason For Selling:
retiring
Training/Support:
150 weeks
Seller Financing:
300000.00

Listing Info

ID:
1549536
Ad Detail Views:
394

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Business Listed by

Daren Bucklin

Transworld Business Advisors of East Portland
License# 201220285

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