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When Sam Schnaidt opened the Apple Tree Auction Center in 1983 in a former Newark dairy supply store, he thought the 4,000-square-foot building would give him plenty of room for storing and selling items. But since then, he's expanded the business so much that he's lost count of the number of times it has added space. "We've had five or six major additions, and we're always making little changes here and there, and we'll probably keep growing," he said. The center now covers 32,000 square feet in buildings on both sides of West Church Street just off Route 16. It employs 20 people, a dozen of them full-time, and has gross sales of $4 million to $5 million a year. The live auction industry as a whole had gross sales of $240.2 billion in 2005, a $23 billion increase from the previous year, according to research for the National Auctioneers Association. One of the building's expansions, all financed mostly from the center's earnings, took out the apple tree that gave the business its name. "It was a landmark, but it was standing in the way of space we needed," Schnaidt said. "So the tree had to go, but since it's in our company logo and name, it will always be connected to this property." But his reasoning behind naming the center for the tree was practical as well as sentimental. "With a name like Schnaidt, I'd be pretty far down in any alphabetical listing of antique dealers if I named the center after me," he said. "I wanted something that would put it near the beginning, and the tree gave me an inspiration to choose Apple Tree." Getting started Schnaidt, 64, has been interested in antiques all his life. "My parents were antique collectors and used to go to shows in the 1950s and bring me back wooden toys," he said. "That's what got me started and I've been in the business ever since."
FOR THE FULL AND UP TO DATE LIST OF USA AUCTIONS VISIT THE FREE NEWSLETTER AT: http://www.usa-government-auctions.com/template.html
When Sam Schnaidt opened the Apple Tree Auction Center in 1983 in a former Newark dairy supply store, he thought the 4,000-square-foot building would give him plenty of room for storing and selling items. But since then, he's expanded the business so much that he's lost count of the number of times it has added space. "We've had five or six major additions, and we're always making little changes here and there, and we'll probably keep growing," he said. The center now covers 32,000 square feet in buildings on both sides of West Church Street just off Route 16. It employs 20 people, a dozen of them full-time, and has gross sales of $4 million to $5 million a year. The live auction industry as a whole had gross sales of $240.2 billion in 2005, a $23 billion increase from the previous year, according to research for the National Auctioneers Association. One of the building's expansions, all financed mostly from the center's earnings, took out the apple tree that gave the business its name. "It was a landmark, but it was standing in the way of space we needed," Schnaidt said. "So the tree had to go, but since it's in our company logo and name, it will always be connected to this property." But his reasoning behind naming the center for the tree was practical as well as sentimental. "With a name like Schnaidt, I'd be pretty far down in any alphabetical listing of antique dealers if I named the center after me," he said. "I wanted something that would put it near the beginning, and the tree gave me an inspiration to choose Apple Tree." Getting started Schnaidt, 64, has been interested in antiques all his life. "My parents were antique collectors and used to go to shows in the 1950s and bring me back wooden toys," he said. "That's what got me started and I've been in the business ever since."
FOR THE FULL AND UP TO DATE LIST OF USA AUCTIONS VISIT THE FREE NEWSLETTER AT: http://www.usa-government-auctions.com/template.html
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