Auctions have always been an effective method of business liquidation, and in recent years, they’ve moved increasingly online. As technology has advanced and consumers have grown accustomed to online shopping, the interest in online auctions has increased dramatically.
The restaurant industry is highly competitive, and closure is common. In fact, according to the National Restaurant Association, 17 percent of restaurants fail in their first year, and only about 35 percent make it to the ten year mark.
When a business expands or upgrades equipment, there is often outdated equipment or machinery that is no longer needed.
If you are downsizing or selling your business, liquidating your assets may be best accomplished can be the best way to get the most return on your investment. Working with an experienced, reputable auction company makes the process easy and efficient, because an auction company can reach a wide audience, provide a transparent process, and […]
In many businesses, machinery and equipment are important assets. However, if these assets are not being properly utilized, they can be the source of hidden costs to your organization. Underutilized assets tie up resources, yet do not contribute effectively to your costs. One way to address this issue and improve your bottom line is to […]
Best Options for Commercial Real Estate When you need to sell commercial property, there are different options for doing so. You can sell it by yourself, work with a traditional real estate agent, or put it up for auction. How do you know the most effective way to sell your property? The best course of […]
Is your commercial or industrial equipment starting to feel more like a relic than a reliable workhorse? You might be inclined to hold onto your old machinery, but the time will come to part ways eventually. Here are 14 telltale signs you’re better off auctioning that old equipment and possibly welcoming something shinier and more […]
Liquidating assets through an auction is an efficient way to turn surplus equipment, inventory, or property into cash. Whether you’re closing a business, downsizing, or offloading assets you no longer need, a well-executed auction maximizes your returns and minimizes headaches. However, a successful liquidation auction doesn’t happen by chance. You need a strategic approach, careful […]
Online auctions are an amazing innovation, allowing people to participate in auctions remotely, from the comfort of their own homes. The drawback of bidding on an item from an online auction, however, is that it can be difficult to accurately assess the item. When you are at an auction in person, you can see and […]
For people who work at large corporations, retirement is easily accomplished. Often, there’s a pension plan in place, and when this is combined with their retirement fund, it’s easy to see a way forward. But what about small business owners, contractors, and farmers? If you are someone who has worked for yourself or in a […]
