Online Auction House

This is a well-established online auction house that has been operating successfully for over 20 years. It provides a platform and an open market place to buy and sell a wide range of items such as art works, antique curios, vintage pieces of decorative items, vintage coins, precious stones, jewellery, porcelain, ceramics, metalware and stamps and assorted items that are considered valuable. Estate items are sourced from all over the world and sold online through auctions held every week.

Key Features:

- Items for sale are received on consignment basis and listed for auction, therefore low inventory carrying risk.

- Natural arbitrage as income is in USD but expenses in CAD

- Fully automated AI assisted software drives the auction process - easy and convenient and avilable to anybody anywhere

- Well trained employees, efficeint and streamlined operations

CIM will be made available to qualified buyers.

This business was started 12 years ago. Over the years, it has built a reputation for quality and ease of operations. The company has made substantial investments in software development to produce a robust, efficient and easy to use system for online auctions that has enabled it to cast a wider net of potential customers. They continue to invest in their systems to ensure they remain at the cutting edge.

Potential Growth
Online auctions have grown in popularity in the last couple of decades as it obviates the need for middle men and physiacal locations. This trend is likely to continue as more activity moves online.

Competitive Overview
There is not much competition for the business in the market segment that they operate in, and barriers to entry are high in this field. Online auctions require a steady stream of estate items and sourcing is a major impediment for new entrants.

NOTE - amounts in this listing page are in CAD; the functional currency for the business is USD. 1.4 CAD to USD was used for presentation purposes (rounded).