Business Summary

This Auction House has been in business for over 30 years, since 1982, and they have been in their current location since 1990. They are a "real auction house" specializing in liquidation of estates from various counties, businesses, ranches, farms, as well as vehicles and individual items of value. They have experience in appraisals, and working with wholesale and retail clients. This Auction House is a very profitable business, has great books and records and should easily qualify for an SBA small business loan. They make their generous profits from both the Buyers and the Consignors, as the Consignors pay a 40% commission where all of the Buyers pay an 18% premium.

This auction house has been conveniently located since 1990, right off of Highway 101, in a large industrial building of about 14,000 square feet. The current rent is approximately $6,500 per month. The rent includes the utilities (water, garbage and electricity) as well as a security guard. The current lease term expires January 1, 2015, and the landlord continues to renew this lease every three years. There is plenty of parking available on-site parking area.

Property Details

Business Operation Details