Business Liquidation Auctions in Oklahoma: What You Need to Know

Empty office desk and chair

Two of the main forms of liquidation auctions held at Dakil Auctioneers, Inc. are for restaurants and businesses. We recently covered what home chefs and restaurateurs should know before attending a restaurant liquidation auction, so as a follow up to that, we will discuss what buyers and sellers should know when going to a business liquidation auction.

Business Liquidation Auctions: For Buyers

Whether you’re starting a new business or adding to your already established company, furniture and equipment can be a large expense. When a company goes out of business, a great way to get rid of their physical assets is at a business liquidation auction. Here office furniture, phones, computers and even industry equipment can be purchased for a fraction of the regular price.

We interviewed Michael Morrison, Founder and CEO of Comtech, in a previous blog and he spoke highly of his experience upgrading their office equipment after attending a business liquidation auction here at Dakil. Morrison told our team, “Every time we get a Dakil auction notice we immediately go online and look at the equipment.”

To learn about our upcoming auctions, visit our website for the time, date, and photos of the business’s items that will be at auction.

Business Liquidation Auctions: For Sellers

After being in the business for over 30 years, it’s safe to say our team at Dakil Auctioneers, Inc. knows a thing or two about auctions. Our experience has taught us how to bring the highest quality outcome for our business liquidation clients.

When deciding to liquidate a business, utilize the U.S. Small Business Administration’s checklist that covers everything from the initial legal documentation needed all the way to the non-recourse bill of sale. After reviewing the checklist, we recommend giving our team a call to begin the liquidation process, where we will list the items on various websites and walk you through the process step by step.

With our team’s experience, we’ll create an individualized marketing plan for your liquidation auction to bring top dollar for the items on sale. Some amenities we boast on site are a 15,000-sq ft. warehouse, 8.5-acre fenced auction yard, 5,000-sq. ft. auction gallery and a web auction functionality for live, global online pre-bidding.

From downsizing, closing a business or purchasing items to upgrade your current office, our team at Dakil Auctioneers, Inc. is here to help with all your business liquidation auction needs. Give us a call today at 405-751-6179 to learn how we can make the process go smoothly.

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(405) 751-6179

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