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Clatsop County, Oregon
Asking Price
$225,000
Revenue
Call/Email
Down
$225,000
Cash Flow
Call/Email
Name: Matt Verga
Name
Matt Verga
Year Established:
2017
Employees:
3
FE&E:
$20,000
Reason for sale:
Retirement
Lease Expiration:
03/31/2027
Lease Options:
$8,000
Listing Number:
59071-617826
Sales:
$817,237
Inventory:
$35,000
Posting ID:
ID tw:90626 / Listing Number 59071-617826
Business Category:
Art
Keywords:
Transworld
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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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