Hottest Internet Penny Auction Business Model For Sale

Business description

Price Reduction! Hottest New Online Penny Auction Business for Sale for $499,000! Calling Internet Entrepreneurs Worldwide! The inventory alone is worth five time 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 $2,500,000 or more based on penny auction or retail values! This business has 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. 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!

Property information

Location:

This is primarily an online business that can be relocated to any area of the U.S or beyond as it is on the World Wide Web. Owner currently operates from the New York area. Inventory is currently in New York and Chicago.Home based business. Can be relocated anywhere in the continental U.S or beyond. Call for information.

Premises details:

Home based business. Can be relocated anywhere in the continental U.S or beyond.

Other information

Expansion potential:

This business is in start up mode, ready to go and can definitely be expanded. Owner developed this concept from scratch and is on the forefront of this niche auction market. No-one can offer the type of auction items compared to what this Owner has been able to offer!

Competition / Market:

Little competition.

Support & training:

Owner offers training and support and will provide buyer with various ways a business can be run. Call for more information

Reasons for selling:

Owner is selling due to medical reasons only.

Trading hours:

As required

Financing available:

Call for details

Inventory / Stock value:

$2,500,000 (included in the asking price)