Cash Realty & Auctions has been awarded a three-year, $15 million contract with New York State to handle the sale of surplus vehicles and equipment.
The local company, which has been overseeing the sale of government vehicles for the state for the past six years, will have broader responsibilities under the new contract, according to its president, Cash Cunningham.
"In addition to the auctions we have been doing, we'll be adding an on-line component," Cunningham said. "It's something we've been exploring for a few years, and now we've got the chance to do it as a pilot program at the state's request."
The Internet-based sales activity will focus on surplus office equipment, such as desks, chairs, file cabinet, computers, etc. Cunningham will also offer a few over-sized, state-owned items, such as boats and trailers.
If the on-line part of the sales goes well, he predicts gross sales from the entire contract could exceed $20 million over the next three years. The company will add one new employee to handle the Internet operation.
The bulk of Cash Realty & Auctions work will be in staging some 40 vehicle and heavy equipment auctions around the state each year. Those auctions offer everything from decommissioned State Police cars, to State Parks Department trucks, to vehicles seized by the Department of Motor Vehicles.
Founded in 1986, the company has offices at 22 Lafayette Blvd. in Williamsville, and in Charlotte, N.C.