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Internet Penny Auction Business For Sale
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $5000000
Net Profit / Cash Flow $4000000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Inventory 2000000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Founder will provide training.
Reason for Sale Medical.
Description Hottest New E-Commerce Penny Auction Business for Sale for $995,000! Calling Internet Entrepreneurs Worldwide! The inventory alone is worth twice as much as the entire company is selling for. This business is completely re-locatable and server based. Seller states that the inventory is worth over $2,000,000 or more based on penny auction or retail values! This business has just been developed and market tested and is ready for a new owner to take over. Seller is willing to help the Buyer get the website business back on the map and show the new owner how to make money at this business. Penny Auctions have tremendous profit potential and they are in the hottest of internet arenas. This business could allow a buyer to sell any items they want in addition to the available inventory. The value of this inventory is in the uniqueness of its nature. Owner states that one item alone in the remaining inventory has sold online recently for over $18,000. This can provide for a heated auction even to the novice when they can get a 98% discount on a valuable item like this. Other items go for hundreds or thousands of dollars apiece. This business can definitely be expanded into other types of inventory. No-one will be able to offer an auction with this value of inventory. Since most penny auctions make between 200% to 300% on each item they auction, you can imagine the possibilities. Contact for more details today!
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