How To Liquidate Your Business With An Auction

When it seems clear that your business is at the end of its rope and you are struggling with debt, taxes, and other expenses, it may be time to liquidate your company. Converting your assets into cash can help you pay off some, if not all of your outstanding debt.

Auctioning assets can offer relief

Shayne Fili and Mark Beacom of Auction Solutions (Omaha, NE) represent the “light at the end of the tunnel.”  They are full time, certified appraisers and auctioneers who can get maximum value for your hard and soft assets. They use tech-based tools and research to identify auction buyers and get them in front of your auction items effectively.

Appraisal and evaluation

The first step in liquidizing is putting value on your assets. This includes equipment, inventory, and intellectual property. It’s best to have the appraiser and the auctioneer on the same team for maximum efficiency. Many companies lose out by separating the valuation and auctioneering functions.

Finding the right appraiser and auctioneer

When shopping appraisers, look for involvement in professional appraisal associations and updated training programs. Auctioneers should be bonded and certified.

Proof that using online auction technology works

Auction Solutions uses an online bidding platform that can increase auction sales by up to 22%. This technology allows potential buyers all over the country to follow your auction, increasing the number of sales prospects watching your liquidation event exponentially.

 

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