Remunerative and Leading Online Auction House for Sale, Ontario CA

ASKING PRICE: $1,650,000 LOCATION: SW Ontario TYPE OF SALE: Share Sale INDUSTRY: Retail - Online TRAINING & SUPPORT: Yes ABSENTEE OWNER: No DESCRIPTION: This reliable online auction business specializes in the liquidation process for businesses that are struggling, as well as economical consumers. Based in South-West Ontario, this award-winning company focuses on sourcing and aggregating products across several businesses in the region to simplify the liquidation process, benefitting small businesses and those in the unorganized sector. High cash flow ensures a successful business turnover for the new owner. Transparency and value remain at the core of this company, for both businesses and consumers. High customer ratings and satisfaction are thanks to their affordable and unique products through a user-friendly digital platform, as well as their strong and trustworthy relationships. With over 100,000 weekly viewers and more than 12,500 active bidders, this booming company has a significant online presence, and provides a seamless journey for customers that visit their site. This auction house is well-positioned for growth with opportunities to expand service areas, secure direct liquidation contracts with major retailers, and introduce more auctions during weekdays to maximize customer engagement and sales volume. Listing ID: 3580 COMPANY INFORMATION: YEAR ESTABLISHED: 2020 SQUARE FOOTAGE: 20,000 sqft MONTHLY RENT: $15,000 pm (incl TMI) + HST FINANCIAL INFORMATION: GROSS REVENUE: $3,700,000 SDE: $560,000 INVENTORY INCLUDED: N0

Please email me at redacted for further info