This is an online auction house located in Cincinnati, Ohio. It is one of Cincinnati’s premier online auction com-panies for handling the sale of personal and estate property. Whether it is a single item, a collection, or an entire estate, the company provides all of the services to auction the items online on their website.
The company’s services include photographing and cataloging all items to have them viewed and purchased by buyers online, potentially anywhere in the world. The company handles the entire sale of the items from start to finish.
The business was started a few years ago and has shown exceptional growth. Revenues grew by 75% in 2012 and are expected to grow by another 5% - 10% in 2013.
The business continues to grow its registered buyer database, along with an increasing number of referral sources for items to place on their website for auction.
All sales (auctions) are through the company’s website. The company leases a retail space for buyers to physi-cally come in to inspect items prior to bidding and for local buyers who have won an auction to come in for pick-up if they prefer.
• Easy to operate
• Growing business that can be expanded to other cities (almost all of the items
currently auctioned are from local individuals and estates)
• Established reputation
• Seller will provide transition training and phone consultation thereafter as needed
The business is being offered as an asset sale, free and clear of all debt and liabilities for $295,000
reduced to $225,000. Included in the sale are furniture, fixtures and equipment, consigned goods at closing (waiting to be auctioned), website and other intangible assets.
Seller Discretionary Cash=$75,000