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Bidding War

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

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

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

He's not alone. About 12,000 businesses are posted for saleon eBay each month, up 35 percent from the past year, according toKarl Wiley, eBay's senior category manager for business andindustrial.

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