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Entertainment Auctions Company
Location: United States
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

The target is a unique digital business model that has been highly successful for 7 consecutive years. This Internet Company is the dominant leader in the United States for Entertainment Auctions, offering consumers - through a fun pay-to-participate auction model - the ability to win brand new electronics, kitchen appliances, gift cards, fashion items and more - at prices that are up to 95% off retail.

The company's primary auctions and bidding occurs around gift cards and new brand-name consumer products, especially new tech products. This includes, but is not limited to, Walmart Gift Cards, iPads, Digital Cameras, HDTVs, Kitchen Aid Mixers, and Dyson Vacuums. Each auction will have an auction winner, who will be required to pay the closing price. However, each winner has also invested bids at $0 60 and has pre-purchased these through buying bid packs. For losers of the auction, they can apply their bids towards a ''buy-it-now'' functionality, which allows the user, if they choose, to apply all used bids in that particular auction as a credit toward the retail price of the item, thus paying the company the difference to receive the item.

Over the past 7 years, the company has built up a large vendor and product base, with over 100 vendor partners and 10,000 unique products for users to bid on. The entertainment auction/penny auction market has consolidated since the initial fanfare of the model, starting back in 2009. For the last couple of years, only 2 companies (including the target) operate in the space, owning 90%+ of the market. Sales drivers are mostly tied to word of mouth and direct response acquisitions.

Overall, this is a highly interesting business opportunity, with a number of value propositions, some of which are included below:

- Over Half a Billion in Retail Sales
- Over 3,000,000 Paid Customers
- World Class Brand Recognition
- Exciting and Engaging Unique Auction Model
- Extensive Merchandise Vendor Base with over 100 Vendors


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $23,288,489
Cash Flow:   $4,018,299
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2009
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller will provide
Reason For Selling:  To be provided upon request




Print Listing Id: 700278912
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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