LISTING DETAILS:

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

FRANCHISE: No

SQUARE FOOTAGE: 20,000 sqft

MONTHLY RENT: $15,000 pm (incl TMI) + HST

FINANCIAL INFORMATION:

GROSS REVENUE: $3,700,000

SDE: $560,000

FINANCING/TERMS: Financing Can Be Arranged For The Right Candidate

FFE INCLUDED: Yes

INVENTORY INCLUDED: No

EBITDA: N/A