Great business to business operation serving the automotive sales industry in Southern California. This auction house has a long history of being the middleman between car dealerships. It does not sell to the general public. It has established relationships with sellers and buyers. It is a well-run operation with long-term employees and controls in place to minimize risk. As an auction house, the business does not own the inventory – it is on consignment from the seller – which minimizes the required working capital to operate the business. The business currently occupies approximately 2.0 acres. To support growth, it should be relocated to a site with 3.5 to 4.0 acres. This is a sustainable business model that is unlikely to be significantly disrupted by technology – buyers want to physically inspect the merchandise.

Posted Jul 19, 2016

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