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Regional Municipality of York County, Ontario
Well-Established and Profitable Online Auction House
Asking Price
CA$1,540,000
Revenue
Call/Email
Down
CA$1,000,000
Cash Flow
Call/Email
Name: Mohammad Shafi
Name
Mohammad Shafi
Description
It provides a platform and an open market place to buy and sell a wide range of items such as art works, antique curios, vintage pieces of decorative items, vintage coins, precious stones, jewellery, porcelain, ceramics, metalware and stamps and assorted items that are considered valuable.
Estate items are sourced from all over the world and sold online through auctions held every week.
Key Features:
- Items for sale are received on consignment basis and listed for auction, therefore low inventory carrying risk.
- Natural arbitrage as income is in USD but expenses in CAD
- Fully automated AI assisted software drives the auction process - easy and convenient and available to anybody anywhere
- Well trained employees, efficient and streamlined operations CIM will be made available to qualified buyers.
NOTE - amounts in this listing page are in CAD; the functional currency for the business is USD. 1.4 CAD to USD was used for presentation purposes (rounded).
Next Steps:
Interested parties must complete a Non-Disclosure Agreement (NDA) and Buyer Profile (BP). Qualified buyers will be invited to an introductory call before receiving the Confidential Information Memorandum (CIM).
Online auctions have grown in popularity in the last couple of decades as it obviates the need for middle men and physiacal locations. This trend is likely to continue as more activity moves online.
https://www.tworld.ca/locations/Ontario/toronto/listings/Well-Established-and-Profitable-Online-Auction-House
Business Details
Year Established:
2011
Employees:
3
Reason for sale:
Exit Strategy
Lease & Tenant Information
Lease Options:
N/A
Other Information
Listing Number:
3301-679296
Sales:
CA$1,541,000
Seller's Discretionary Earnings:
CA$510,262
Posting Information
Posting ID:
ID tw:74254 / Listing Number 3301-679296
Business Category:
Internet Related, Art, Antiques
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Well-Established and Profitable Online Auction House
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*74254
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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Regional Municipality of York County, Ontario
Well-Established and Profitable Online Auction House
CA$ 1,540,000
This is a well-established online auction house that has been operating successfully for over 15 years. It provides a platform and an open market place to buy and sell a wide range of items such as art works, antique curios, vintage pieces of decorative items, vintage coins, precious stones, jewellery, porcelain, ceramics, metalware and stamps and assorted items that are considered valuable. Estate items are sourced from all over the world and sold online through auctions held every week. Key Features: - Items for sale are received on consignment basis and listed for auction, therefore low inventory carrying risk. - Natural arbitrage as income is in USD but expenses in CAD - Fully automated AI assisted software drives the auction process - easy and convenient and available to anybody anywhere - Well trained employees, efficient and streamlined operations CIM will be made available to qualified buyers. NOTE - amounts in this listing page are in CAD; the functional currency for the business is USD. 1.4 CAD to USD was used for presentation purposes (rounded). Next Steps: Interested parties must complete a Non-Disclosure Agreement (NDA) and Buyer Profile (BP). Qualified buyers will be invited to an introductory call before receiving the Confidential Information Memorandum (CIM). Online auctions have grown in popularity in the last couple of decades as it obviates the need for middle men and physiacal locations. This trend is likely to continue as more activity moves online. https://www.tworld.ca/locations/Ontario/toronto/listings/Well-Established-and-Profitable-Online-Auction-House
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