News and Our Blog

Blog Posted on March 02, 2017

You likely have assets that are not being utilized that can be sold almost immediately.  Many of our clients are idling production lines, discontinuing lines of business, or selling segments of their company and have a continuous turnover of assets. The assets that are caught up in these changes often times still have value and that value is likely being ignored. Take advantage of those internal changes by maximizing every opportunity and benefiting when you can.

Blog Posted on February 16, 2017

When it comes to the disposal of your surplus assets, waiting until the last minute to make a decision could cost you a lot of money. It also may not leave you enough time to properly complete the project. By contacting us early, we can alleviate much of the stress you take on and establish a comfortable timeline for you. We understand that selling your equipment can be a tremendous undertaking and we are fully prepared to carry much of that burden.

Blog Posted on January 11, 2017

Some auctioneers, in certain scenarios, will offer to "guarantee" a certain sales volume result. Many sellers assume this is a minimum or low-end guarantee. Beware - in reality, a guaranteed number can be a purchase amount. The auctioneers obligations can end once the guaranteed amount has been reached (and he is free to sell or give away any remaining equipment at his discretion). By hiring an auctioneer under a commission scenario, you maintain control and the auctioneer has every incentive to boost the number as high as possible. The auctioneers goals remain aligned with yours.

Blog Posted on December 21, 2016

If an auctioneer offers to buy your equipment, only to turn around and sell it at auction, he is looking out for himself - not you. If you sell your equipment to one buyer for a fixed number, you can't take advantage of any upside that competitive bidding might give you. Think about it, they have to buy it from you at a reduced rate in order to sell it and make a profit. They may be taking advantage of you because they understand the value of a well run, well advertised public auction.

Blog Posted on November 10, 2016

Just because a product line is no longer viable for your company, doesn't mean that others won't be interested. If the product has name recognition, there may be other manufacturers eager to obtain it from you. As part of your discontinued product line, you may want to offer the name, drawings, tooling, machine tools, trademarks or a combination of all of these items. Since you are exiting that business, bringing in a company that deals with a broad-base of outside manufacturers can greatly pay off.