Niche software company focused on auction houses

The business develops and provides a modern software package for auction houses. It has a loyal customer base of art and antique auction houses and operates an attractive, stable business model based on subscriptions (SaaS) and commissions. The software suite serves as the primary back-office system for (currently) art and antique auction houses and includes an online environment for the auction itself (in-person, online, or timed online). In addition to the software, clients often use well-known auction platforms to reach a larger buyer audience.

Details: Aside from the founder, the business has no employees. The founder wishes to sell 100% of the business’s shares to a suitable buyer due to age. The business can be effectively run by one person (approximately 0.8 FTE). A transition period is possible.