Considered one of the premier auction houses in a major region of the United States, this unique business generates more than $15M annually in gross revenue. With over a 40-year history, the company is considered an institution, specializing in auctions of fine art, decorative objects, antiques, and jewelry. The company conducts onsite public auctions, attracting thousands of customers to its physical location, and simultaneously hosts real-time online auctions, reaching a worldwide audience of 60,000-100,000 real-time bidders, collectors, and art enthusiasts. As a result of strong brand awareness and strategic referrals, the company has a well-established pipeline of quality property to be auctioned, consistently sourced from prominent estates, dealers, and private individuals.
• Capitalize on the uniqueness of a traditional auction model, while leveraging the latest technologies for real-time, online auctions.
• Strong pipeline of valuable personal property, sourced from important estates, museums, dealers, and private individuals, as a result of the company’s brand name and strategic relationships
• Stable revenues, strong profits.
• A recent change in the local competitive landscape has created an opportunity for market share growth.
• Minimal working capital required due to consignment inventory and payment model.
• Perfect strategic opportunity for a domestic auction house to expand its geographic footprint; or for an International acquirer to establish a solid, reputable stronghold in the U.S. auction market.
• Strong management and established team of industry-savvy employees in place. NOT highly dependent on the owner.
• The auction house building is available for purchase, or the buyer can obtain a long-term lease.
Assets Included in Above Price:
• Fixed assets
• Inventory owned by the Co., which is usually minimal
• Initial training
• Market-, employee-, customer- and supplier-based intangibles
• Covenant not to compete
Asking Price Available On Request
Profit Available On Request
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