Subscribe to Entrepreneur for $5

Bidding War

eBay may be just the place for that old business that you're not using anymore.

This story appears in the December 2002 issue of Entrepreneur. Subscribe »

Greg Burke had already contracted with a broker to sell his Estes Park, Colorado, leather shop when he ran across a category called "Businesses for Sale" on eBay while surfing on the Net and decided to put Craftsmen in Leather up for auction, too. "It was mainly just a lark," he says. "I already had the photos of the store. It took me five minutes to put it up."

He's not alone. About 12,000 businesses are posted for sale on eBay each month, up 35 percent from the past year, according to Karl Wiley, eBay's senior category manager for business and industrial.

4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get 20% off an annual subscription today. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks