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Dodds Auction And Appraisal Services For Sale

Vernon, British Columbia, Canada
Asking Price:
$345,000 (CAD)
Sales Revenue:
$1,860,000 (CAD)
Cash Flow:
$155,000 (CAD)

Dodds Auction and Appraisal Services is an established Vernon auction and appraisal business with more than 50 years of operating history and a broad range of services. Founded in 1973, the business has been operated by two generations of the current owner's family. The current owner has been running the business for approximately 40 years.

The business conducts monthly timed online auctions and on-site auctions at sellers' properties, handling goods from heavy equipment to antiques. Services include appraisals and estate and business liquidations. Online bidding extends its reach beyond the local market, while designated viewing days allow buyers to inspect items at the premises before online auctions close.

Experienced staff support operations, and transition assistance is available, with potential continued part-time involvement on a contract basis following the sale.

Priced below the independent valuation recommendation, the business is offered at $345,000. It serves customers across different economic conditions through asset liquidations and demand for used goods.

This is a preliminary advertisement for a confidential business, franchise, commercial real estate, lease, or investment opportunity. Certain details may be withheld, summarized, estimated, or generalized until a qualified buyer completes an NDA. All information is believed to be accurate, but is not guaranteed and should be independently verified. Information is subject to seller confirmation, change, correction, prior sale, lease, withdrawal, or removal without notice. Any advertised price is based on seller-authorized information available at the time of publication. This advertisement is for informational and marketing purposes only and does not constitute an offer, representation, warranty, or guarantee.

Property Information

Real Estate:

Lease

Lease Terms:

Proposed 5-year lease with two 5-year renewal options, on a triple-net basis. Building rent is $12/SF per annum and yard rent is $2/SF per annum.

Location:

Approximately 5,000 sq. ft. building on a 23,550 sq. ft. site with receiving, auction preparation and viewing space.

Size in square feet:
23,550 SF

Business Operation

Expansion Potential:

Expand appraisal marketing; rebuild large-equipment and wholesale sales; reintroduce pawn services; and add short-haul moving using existing staff and vehicles. More frequent online auctions and shorter display periods could reduce storage and handling. Review commission pricing and increase marketing.

Reasons for selling:

Retirement

Years established:
1973
Member ? This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.

This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.