This is a superb opportunity to acquire a reputable online auction business with huge potential

****PRICE NOW REDUCED****

This is a unique opportunity to acquire a reputable online auction business with huge potential for further growth and success. 
Established in 1999, the business has operated successfully for over 25 years and is involved with organising and operating online auctions for equipment used in the broadcast, TV and professional video industry. 
Throughout the company’s rich history, our client has managed to build an impressive portfolio of clients, with an incoming owner becoming the beneficiary of a database consisting of over 10,000 buyers. 
The acquisition would also include a separate database of over 600 vendors who have previously sold, or shown an interest in selling, broadcast equipment by auction.
Alongside these valuable databases, an incoming owner would also acquire the business name, website and domain name which have all been established for over 25 years. As well as these, 100% of a dormant UK limited company will also be acquired which was set up to protect the original business name. This dormant company can be used again operationally if desired.
Since the UK emerged from the Coronavirus Pandemic, the current owner has chosen to operate two auctions per annum. However, prior to Covid, the business had typically organised at least three per annum. 
Each auction typically takes eight weeks of work for an individual working full-time. This is with support from a second individual working on a part-time basis. This opportunity would therefore strongly suit an individual or small team already in business, either in the auction sector or the broadcast, TV and pro video industry. The new owner can then supplement their income as a smaller part-time business that could take up as little as 8 weeks of their time per annum. However, if an incoming owner would like to dedicate more time for the business on a more full-time basis, this will inevitably increase annual turnover levels substantially.
The business is now only being offered to market due to our clients wish to retire. Our client has confirmed that they will be willing to remain with the business post-sale completion for a total of 50 hours of free support time , to assist a future owner in the planning and operation of their first auction. This would include delivering an introductory hand-over e-mail of the databases to introduce the new owner, assisting the new owner in setting up and using the online auction software, and assisting the new owner with the logistics and accounting aspects of the auction.
As a result, viewings are highly recommended in order to avoid disappointment.