Out of business auction partnering with the right auctioneer
Download
1 / 8

Auction Systems: Out of Business Auction - PowerPoint PPT Presentation


  • 180 Views
  • Uploaded on

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Auction Systems: Out of Business Auction' - auctionsystems


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Out of business auction partnering with the right auctioneer l.jpg

Out of Business AuctionPartnering With the Right Auctioneer


Out of business auction l.jpg
Out of Business Auction

What is a Going Out of Business Auction?

  • Unable to merge or sell a company

  • No choice but to liquidate

    It’s an exit strategy that must be analyzed before you pull the trigger.

    Your attorney and accountant can help you through the liquidation process and how you can legally do it.


Out of business auction3 l.jpg
Out of Business Auction

Why Use a Going Out of Business Auction?

  • Struggling companies usually have a retail sale to dispose of inventory.

  • Inventory is hugely discounted in order to liquidate.

  • Remaining assets and inventory auctioned to public.


Out of business auction4 l.jpg
Out of Business Auction

Hiring an Expert to Conduct Your Going Out of Business Auctions

  • Working with an experienced auctioneer will get you the highest return.

  • Must have expertise in the type of assets you will sell.

  • Develop a short list of auction companies and request proposals to determine the best fit.


Out of business auction5 l.jpg
Out of Business Auction

Hiring an Expert to Conduct Your Going Out of Business Auctions

  • The following criteria will help you narrow choices:

    • Experience. As noted above, you want an auctioneer with applicable and proven experience in conducting auctions with your assets.

    • Reputation. You need to carefully research an auctioneer’s reputation in the industry.


Out of business auction6 l.jpg
Out of Business Auction

Hiring an Expert to Conduct Your Going Out of Business Auctions

  • The following criteria will help you narrow choices:

    • Facilities. If you’re conducting the going out of business auction at the auctioneer’s location, are their facilities adequate and convenient for participants to access?

    • Insurance and Licenses. You need to make sure your assets are adequately covered while at the auctioneer’s location.


Out of business auction7 l.jpg
Out of Business Auction

Closing your business and liquidating your assets can be difficult and overwhelming.

But, partnering with a well-qualified auctioneer can help you streamline the process and get the most money for your assets.


Out of business auction8 l.jpg
Out of Business Auction

About the Author

Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals.

For more information about Out of Business Auctions, please visit us at http://www.auctionANDappraise.com/.