This is a superb opportunity to acquire a reputable online auction business with huge potential for further growth and success. The business is based in Woking, Surrey but is relocatable to any location across the UK, although being in the proximity of Greater London would be an advantage but not essential.
The business operates as an established and respected specialist auctioneers and valuers for the broadcast, television and pro video industry. An auction typically comprises between 400 and 500 lots through timed online sales, and the auctions run twice a year. The lots include a range of broadcast and AV equipment including cameras, lenses, audio recording, lighting, grip, post production hardware and other adaptors and accessories. In addition to sales by auction, they offer items for sale on a fixed price basis through their website and a valuation service, clearance and bespoke sourcing. The online auctions are run using bespoke software which also provides all back-office functions.
The current owner has skillfully developed strong relationships with vendors and buyers, a huge number of whom are repeat clients. Revenue is generated from vendor and buyer commissions on sales so there is no need to hold stock.
The business has been established since 1999 and have experienced substantial growth since then. The website was upgraded and refactored in 2023 to the Laravel 9 Framework and the auctions are currently hosted on the Kitplus platform. The business has grown huge databases of vendors (approximately 600), and UK and overseas buyers (approximately 7,000) which are included in the sale. A new owner could substantially increase the business’ profitability by working these established GDPR compliant databases and with an increased marketing effort as they are in prime position for further growth and success under the stewardship of new ownership.
• Business in operation since 1999
• Excellent reputation in the industry
• Loyal customer base
• Huge databases of vendors and buyers
• Large amount of repeat business
• Minimal competition
• Huge online following
• Huge potential for further growth
• Can be home-based.
It is with a heavy heart that the current vendor is selling due to retirement. This business represents an excellent opportunity for an entrepreneur who is looking for a unique online business with huge potential. A handover will be negotiated with the new owner to include training on auction software and associated processes.
We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.