Industrial Auctioneers and Appraisers since 1921

Auctions, general merchandise (new and used), internet retail for sale

Asking price

$962,000

Revenue

$550,369

Cash flow

$428,401

About this business

This is a century-old auction and appraisal firm serving financial institutions, attorneys, government agencies, and business owners across the Northeast and beyond. The business specializes in the valuation, marketing, and disposition of commercial assets and equipment, conducting live on-site, webcast, and timed online auctions. Revenue is split roughly evenly between auction and appraisal services, and the firm has never needed to advertise: the owner reports that referrals, word-of-mouth, and inbound online inquiries keep the pipeline full.

Founded in 1921 and now in its third generation of family ownership, the firm has built a 30,000-person email subscriber list and a reputation that draws clients from the mid-Atlantic and New England states, with occasional engagements as far as the Southeast and West Coast. The business requires no fixed physical location and is fully relocatable. The owners report that post-pandemic online selling has opened a new growth channel, and the team has never experienced employee turnover.

The owners, both in their 60s, are selling because there is no next generation to inherit the business, and they are ready to enjoy the fruits of more than four decades of stewardship. They describe the business as too viable to walk away from. The standout: over 105 years of operating history, a 30,000-subscriber list, and zero advertising spend, yet inbound demand continues to grow.